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Sebi clocks first sale of Sahara property

Property sold via HDFC Realty for Rs 58 cr; 60 properties on sale via e-auction

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Sahara

N Sundaresha Subramanian  |  New Delhi 

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The first-of-its-kind auction of properties undertaken by the Securities and Exchange Board of India (Sebi) to recover its dues from the Sahara group got underway this week. "In the e-auction that began on Monday, the response of buyers was lukewarm. But, HDFC Realty closed a sale," said an official familiar with the sale process.

The transaction fetched nearly Rs 58 crore, he added without disclosing the location of the property. The total value of the 67 properties, of which 60 are on sale in the first phase, is said to be around Rs 6,000 crore. The court has allowed the ...

First Published: Wed, July 06 2016. 00:44 IST
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