TIWN
New Delhi, Nov 30 (TIWN) Securities market regulator SEBI on Tuesday said it will auction four properties of Ravi Kiran Realty India and its promoters to recover investors' money.
Inviting bids for the sale of these properties, Sebi said the auction will be conducted through online mode.
The regulator has asked the intending bidders to make their own independent enquiries regarding the measurement, nature, type, classifications, encumbrances, litigations, attachments and liabilities of the properties put on auction.
In October 2020, Sebi had announced that it will auction four properties of Ravi Kiran Realty India on November 5, last year.
The company had raised funds by issuing redeemable preference shares (RPS) to 1,176 people without complying with the public issue norms.
- Govt directs NCCF, NAFED to start buying 5 lakh tonnes of onion directly from farmers
- Adani Green Energy Gallery in UK to explore sustainable energy options to fight climate change
- Elon Musk thought that OpenAI would fail: Sam Altman
- India’s forex reserves surge for 3rd week in row to touch $642.5 billion mark
- DGCA imposes Rs 80 lakh fine on Air India for flight duty timing violations