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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.
NEW DELHI: Capital markets regulator Sebi on Wednesday extended till December 21 the date of auction of 13 properties belonging to Bishal Group of com.
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.
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.
Sebi Wednesday said it will auction 22 properties belonging to Bishal Group of companies and NVD Solar at a reserve price of nearly ₹37 crore on August 14 to recover money illegally collected from investors