Sebi will auction as many as six properties of four companies, including Swar Agrotech and Life Care Infratech, next month at a reserve price totalling Rs 5 crore as the market regulator looks to recover investors' money.
The reserve price of these properties amounts to Rs 4.74 crore.
Swar Agrotech, Raghav Capital, Servehit Housing had mobilised funds from the public through Collective Investment Scheme (CIS), without getting regulatory approvals, while Life Care Infratech had raised funds from investors through issuance of securities without complying with the public issue norms.
The interested candidates can inspect the properties on during November 12-16, Sebi said, adding that bidders should make their own independent enquiries regarding the encumbrances, title of properties put on auction and claims, among others, prior to submitting their bids.
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