Sahara auction: Sebi adds 16 new parcels; bid price Rs 1.2k cr - Dollar Advisory & Financial Services

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Thursday 16 June 2016

Sahara auction: Sebi adds 16 new parcels; bid price Rs 1.2k cr

Markets regulator Sebi these days additional sixteen additional land parcels of desert cluster, with a reserve value of Rs one,245 crore, to the list of properties to be auctioned next month for recovery of funds. This has taken the full variety of properties of the beleaguered cluster to be auctioned to forty two with a combined reserve value of Rs four,345 crore.

additional properties value the same quantity area unit expected to travel underneath the drill in the approaching days. In separate notices these days, the Securities and Exchange Board of Bharat (Sebi) aforesaid SBI Caps can auction eight properties on July twenty at a reserve value of over Rs 666 large integer, whereas HDFC property would conduct associate e-auction for one more eight properties on July eighteen at a reserve value of Rs 579 large integer.

SBI Caps has already lined up 2 separate auctions on July seven and July thirteen whereas HDFC property is scheduled  to auction land parcels on {july 4|Independence Day|Fourth of July|July 4|legal holiday|national holiday} and July fifteen. each can auction thirteen properties every at a combined reserve value of Rs three,100 crore. Following directions from the Supreme Court available of bound desert assets to recover cash, Sebi has mandated SBI Capital Markets (SBI Caps) and HDFC property for auctioning a complete of sixty one land parcels.

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