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Sebi: The other firms whose properties will also be auctioned are Kolkata Weir Industries, Tower Infotech group, GBC Industrial Corp group, Teachers' Welfare Credit and Holding group, Hahnemann Herbal group and Annex Infrastructure India Ltd.
The total reserve price of the SEBI auction, involving six companies, on March 3 is ₹91 crore.
Sebi says in a notice that these companies had raised funds from investors without complying with regulatory norms , , sebi regulations
Get latest articles and stories on Latest News at LatestLY. Sebi on Tuesday said it will auction 22 properties belonging to companies of MPS Group, Tower Infotech and four others on March 3 for a reserve price totalling Rs 91 crore in a bid to recover investors' money. Latest News | Sebi to Auction Properties of MPS Group Firms, 5 Others on Mar 3 to Recover Investors' Money.