The Capital markets regulator Securities and Exchange Board of India (SEBI) is all set to sell the land parcels of the Sahara Group through an e-auction next month. The reserve price has been set at Rs 1,900 crore for these properties. The auction would be conducted by SBI Capital Markets on July 13, HDFC Realty on July 15. They have been appointed to conduct the sale of Sahara properties.
According to the notice, SBI Cap will auction some land parcels which will fetch Rs 1,196 crore at the reserve price and HDFC Realty will auction some other land parcels at reserve price of Rs 702 crore. These properties are located in Rajasthan, Tamil Nadu, Madhya Pradesh, Uttar Pradesh, Bihar and Jharkhand. The assets being sold are residential, agricultural and non-agricultural land. Interested bidders can inspect these land parcels between June 16 and 17.
So let’s discuss some questions related to this post :
1. Which company properties is going to sell by SEBI for Rs.1,900 crore?
2. The sale of Sahara properties will be conducted by which two agency on behalf of SEBI?