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Sebi to auction two properties of Swar Agrotech

As part of the recovery proceedings, the watchdog on February 4 will e-auction two immovable properties of the company, Securities and Exchange Board of India (Sebi) said in a notice dated December 27.

January 02, 2018 / 22:07 IST
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Sebi will auction two properties belonging to Swar Agrotech India Limited at a total reserve price of over Rs 15 lakh as the regulator looks to recover investors' money.

As part of the recovery proceedings, the watchdog on February 4 will e-auction two immovable properties of the company, Securities and Exchange Board of India (Sebi) said in a notice dated December 27.

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The land parcels, which is going under the hammer, are in Uttar Pradesh. The total reserve price of these properties is pegged at Rs 15.08 lakh.

The regulator has engaged SBI Capital Markets Limited to assist it for sale of the properties.