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Sebi: The other companies whose properties will also be auctioned are Bishal group of companies, Purusattam Infotech Industries, NVD Solar Ltd, Sun Plant Business and Jivan Sathi Dream Projects.
Of the 13 properties, eight are related to Bishal Group of companies (Bishal Abasan India Ltd, Bishal Distillers Ltd, Bishal Agri-Bio Industries Ltd, Bishal Horticulture and Animal Projects Ltd) and five belong to NVD Solar.
Sebi said it will auction 22 properties belonging to Bishal Group of companies and NVD Solar on August 14 to recover money illegally collected from investors.
According to the regulator, the four firms had mobilised funds by issuing Redeemable Preference Shares (RPS) to more than 49 persons without complying with the public issue norms.
New Delhi, Capital markets regulator Sebi on Wednesday said it will auction 22 properties belonging to Bishal Group of companies and NVD Solar on August 14