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Govt plans to sell 'enemy property' shares in 84 cos; scrips of 20 firms put on block in 1st tranche

The Indian government plans to sell over 2.91 lakh enemy property shares in 84 companies to individuals and corporates in tranches as part of its initiative to dispose of assets of individuals who migrated to Pakistan and China. The first tranche will involve selling 1.88 lakh shares in 20 companies and inviting bids from 10 categories of buyers, including individuals, NRIs, Hindu Undivided Families, Qualified Institutional Buyers, trusts, and companies.
Ajay Kumar Mishra Custodian Of Enemy Properties For India Department Of Investment Hindu Undivided Families Qualified Institutional Buyers Enemy Properties

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37 enemy properties across UP auctioned for Rs 6 crore

In the second batch, the government had listed 27 new properties, free from any legal hindrances, and added to the list of 10 properties which remained unsold in the first auction, said officials. The properties were identified as agricultural land valued below ?1 crore each. They were recommended for sale by the Enemy Property Disposal Committee and approved by the Union home ministry.
Uttar Pradesh Amit Shah Enemy Property Disposal Committee Custodian Of Enemy Properties Enemy Properties India Rules

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