Sahara Auction : Sebi Adds 16 new Parcels; bid price Rs 1.2K crore

Markets regulator Sebi on Thursday added 16 more land parcels of Sahara group, with a reserve price of Rs 1,245 crore, to the list of properties to be auctioned next month for recovery of funds.

This has taken the total number of properties of the beleaguered group to be auctioned to 42 with a combined reserve price of Rs 4,345 crore.More properties worth an equivalent amount are expected to go under the hammer in the coming days.

In separate notices today, the Securities and Exchange Board of India (Sebi) said SBI Caps will auction eight properties on July 20 at a reserve price of over Rs 666 crore, while HDFC Realty would conduct an e-auction for another eight properties on July 18 at a reserve price of Rs 579 crore.

SBI Caps has already lined up two separate auctions on July 7 and July 13 while HDFC Realty is scheduled to auction land parcels on July 4 and July 15. Both will auction 13 properties each at a combined reserve price of Rs 3,100 crore.

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