SEBI to auction 11 properties to recover Rs 7000 Cr

Godrej Properties makes first investment from $275 million fundBy Accommodation Times Bureau


The market regulator Securities and Exchange Board of India (SEBI) has lined 11 properties of Pancard Clubs and its late CMD for looking recovery over Rs 7,000 crore of investors’ money via e-auction next month.

Authority will auction at a total reserve price of Rs 253 crore.

This is in addition to 11 properties of the company that were auctioned in December as well as on January 10 and their combined reserve price was Rs 552 crore.

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