Tasked with a massive job of selling certain unencumbered properties of beleaguered Sahara group, markets regulator SEBI is believed to have roped in HDFC Realty and SBI Capital to help in the sale process.
Sources said that HDFC Realty and SBI Capital would help the markets regulator in valuation as well as the sale process for the selected properties as per the directions of the Supreme Court.
While there was no official word on the mandate, the SEBI-Sahara case was scheduled to come up for further hearing in the Supreme Court on Wednesday.
Last month, the apex court had asked SEBI to initiate the process of selling those properties the title deeds whereof have already been deposited with it by Saharas.
SEBI was asked to devise a suitable mechanism for the sale in consultation and under the supervision of Justice BN Agrawal, former Supreme Court Judge, and also seek help of “experts or expert agencies”, if required in the process.
Justice Agrawal is currently overseeing the process of refund of money to investors of Sahara, which has already submitted the title deeds of 86 properties to SEBI. These do not include Sahara’s three overseas hotels, the famous Aamby Valley resort town and the Sahara Star hotel in Mumbai.