New Delhi: Sahara Parivar claims to have a net worth of over Rs 68,000 cr with lakhs of employees. Reacting to the developments, share prices of two listed group firms – Sahara One Media and Sahara Housingfina Corp – also fell in the market.
Subrata Roy’s son Seemanto and Sushanto said his father’s arrest would not impact the business empire.
Shares of Sahara Housingfina Corporation today fell 4.39% on the BSE after Sahara chief Subrata Roy was arrested by the Lucknow police. The scrip opened on a weak note on the BSE and then lost further ground. It tanked 4.39% over its previous closing price to an early low of Rs 37 on the BSE.
In terms of volume, 2,550 shares of Sahara Housingfina changed hands in the morning trade on the bourse. However, Sahara One Media & Entertainment, was trading in the positive territory and at 1124 hours the stock was trading with a gain of 4.60 % at Rs 64.80 on the BSE.
“Since he is the father of over 12 lakh people, I have so many brothers and sisters… It won’t impact anything,” he said. Seemanto also said his father was “not at all” evading arrest and had gone out to consult doctors and lawyers when police team had gone to his home yesterday to execute non-bailable warrant.
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