Sahara India Pariwar Acquires the Iconic Hotel, Grosvenor House in London

LONDON, December 31, 2010 - Sahara India Pariwar, the multi business conglomerate of India, today
announced that it has acquired the most iconic hotel, Grosvenor House hotel
from The Royal Bank of Scotland Group plc.

(Logo: photos.prnewswire.com/prnh/20101231/NY23225 )

Grosvenor House, located in the prestigious locality of Park Lane in
Mayfair, London, is an iconic landmark with 420 rooms, 74 suites, 27 meeting
rooms providing an incredible 4,000 square meters of high quality space and
also houses Europe's largest and most famous hotel banqueting space, the
Great Room.

Sahara India Pariwar, a diversified Indian business conglomerate founded
in 1978, has operations in multiple sectors including hospitality, tourism,
city development, real estate activities, financial services, housing
finance, mutual funds, life insurance, print and television media, film
production, sports, information technology, healthcare, commodity sales &
services and consumer products.

Acquisition of Grosvenor House presents a unique opportunity for Sahara
India Pariwar to establish its foot-hold in the international luxury hotel
market after having successfully proved its expertise in hospitality sector
in India through Hotel Sahara Star and its luxurious 10,600 acres Aamby
Valley City.

On this occasion Mr. Subrata Roy Sahara, Managing Worker & Chairman,
Sahara Group, said, "We are extremely happy to announce Grosvenor House
joining the Sahara family." He further said, "This acquisition is a part of
the major expansion plans of the group. In addition to the acquisition of
Grosvenor House, London will be the gateway for Sahara to introduce some of
its new business ventures, internationally."

Note: The acquisition was brokered by Richard Lewczynski of Blandford
Goldsmith.

For Further Information, Please Contact:

    Ghulam Zeeshan
    Sr. Manager, Corporate Communications
    Sahara India Pariwar
    Ph.: 0522 2324852; Mobile: 9335235621
    E-Mail: ghulam.zeeshan@gmail.com

Note to Editors:

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Ghulam Zeeshan, Sr. Manager, Corporate Communications, Sahara India Pariwar, +0522 2324852; Mobile: +9335235621, ghulam.zeeshan at gmail.com