SEBI to e-auction MPS Groups 18 properties next month

sebiBy Accommodation Times Bureau


To recover money from the group the regulator body Securities and Exchange Board of India (Sebi) said today it has lined up 18 properties of MPS Group of companies’ for an online auction next month at a total reserve price of over Rs 67 crore.

This is in addition to 14 properties of the group that were scheduled to be auctioned in June last year and their combined reserve price was over Rs 54 crore.

SBI Capital Markets will auction 18 properties on February 6 at a reserve price of over Rs 67 crore, said Sebi in a notice.

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