SEBI will auction Ravi Kiran Realty’s properties in order to recover investors’ funds

New Delhi, Nov 30, : The Securities Market Regulator SEBI announced Tuesday that it will auction four properties belonging to Ravi Kiran Realty India and its proponents in order to recover investors fundsThese properties are located in West Bengal and will be auctioned at a price of Rs 3.

22 crore on Dec 16, according to the regulator "Intending bidders can submit their bid(s), along with an equivalent amount of 10% of the reserve price to be paid through EFT, NEFT or RTGS to the sale .

,"," the regulator stated.It was added that the intending bidder must submit its EMD no later than December 12th, up to 5 p.m.According to reports, SEBI had ordered the company to return investors money in March 2016.ad-rv/v #SEBI #Ravi #Kiran #Realtys #recover #investors #Delhi.