Live Markets »News & Advice»Market News»Market News Details
Market News Details

Sebi to auction properties of 5 cos in Sept, sets reserve price at 400 mn

Press Trust of India/New Delhi 10 Aug 18 | 01:45 PM

Photo: Kamlesh Pednekar

Markets regulator Sebi will auction as many as 19 properties owned by five companies including Maitreya Services and Suman Motels next month for a reserve price totalling over Rs 400 million.

Related Stories

    No Related Stories Found
Widgets Magazine

Besides, properties of Arise Bhoomi Developers, Parasrampuria Plantations and Four Seasons Farms would go under the hammer too.

The move is part of an effort by Sebi to recover money that the companies had illegally mobilised from people.

The auction of these properties, spread across Maharashtra and Uttar Pradesh, and include land parcels, flats and shops will be conducted on September 12, Sebi said in a notice today.

Out of the 19 properties being put on the block, seven belong to Arise Bhoomi Developers followed by Four Seasons Farms (5), Maitreya Services (4) Parasrampuria Plantations (2) and Suman Motels (1).

The reserve price of the properties is fixed at over Rs 400 million, it added.

ALSO READ: Sebi should seek power to tap phone calls: Panel on fair market conduct

The regulator has engaged SBI Capital Markets Ltd to assist it for sale of these properties through e-auction platform.

The interested candidates can inspect the properties on August 28, Sebi said adding that bidders should make their own independent enquiries regarding the encumbrances, title of properties put on auction and claims, among others, prior to submitting their bids.

Widgets Magazine


Company Price Gain (%)
Sun Pharma.Inds.601.656.91
Yes Bank381.752.87
ICICI Bank332.302.17
Axis Bank618.302.15
Reliance Inds.1,210.952.00


Currently No Poll Available.

Online Portfolio

You can create Online Portfolio here using the below button.

Widgets Magazine