Sebi to auction Rose Valley's 27 properties worth Rs 63.26 cr on Nov 25

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Sebi to auction Rose Valley's 27 properties worth Rs 63.26 cr on Nov 25 - Business Standard

Quick Summary:

Capital markets regulator Sebi on Wednesday said it will auction 27 properties of Rose Valley group of companies on November 25 at a reserve price of Rs 63.26 crore in a bid to recover money raised by the firm from the public through illicit schemes.

The markets regulator said it has engaged Quikr Realty to assist it in sale of the properties of Rose Valley while C1 India has been appointed as the e-auction service provider.

The properties to go under the hammer include flats, buildings, land parcels and hotels located in West Bengal and Bihar, the Securities and Exchange Board of India (Sebi) said in a notice.