Sahara extends bid deadline for its 30 properties worth Rs 7,400 crore to May 20

The embattled Sahara group has extended the bidding deadline for sale of its 30 properties till May 20 as prospective buyers, which include Tatas, Godrej and Adani, have sought more time to complete due diligence.

Top consultant Knight Frank is auctioning the properties, estimated to be worth about Rs 7,400 crore for Sahara, which was asked by the Supreme Court to sell the assets.

Sources said the land parcels and other assets have generated huge interest among the prospective buyers, which also include Patanjali group, several real estate developers including Omaxe and Eldeco, as also HNIs and even a PSU.

Besides, Chennai-based Apollo Hospital has shown interest in acquiring Sahara Hospital in Lucknow.

While more than 250 expressions of interest (EOIs) were received by Knight Frank India, sources said the interested parties have sought more time to complete due diligence and other formalities before submission of final bids which necessitated the extension of deadline.

When contacted, a Sahara spokesperson confirmed that the deadline has been extended.

"In view of the demand from prospective buyers for extra time to complete the due diligence, we have extended the timelines to May 20, 2017," the spokesperson said in reply to a

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