SEBI Auction: The Securities and Exchange Board of India (SEBI) will auction the assets of Sun Plant Agro and Sun Plant Business on February 28. The reserve price for this has been kept around Rs 10 crore. These companies had raised money illegally from the public, for which the regulator is taking this step.
Auction will be done online
This auction will be done online, under which SEBI will auction the properties of Sun Plant Agro, Sun Plant Business on February 28. In a notice issued on Tuesday, SEBI said that these properties are in the form of pieces of land and flats in West Bengal.
Auction to be held on February 28
SEBI has invited bids for auction of assets of Sun Plant Agro and Sun Plant Business and their directors. The regulator said that this auction will be done online on February 28 from 10:30 am to 12:30 am.
Know how much is the auction price of properties
Of the 15 properties that have been put up for auction, nine are of Sun Plant Business and six of Sun Plant Agro. The total reserve price for these properties is Rs 9.65 crore.
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