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Market regulator SEBI has set April 20 as the date for auctioning 69 properties of Sai Prasad Group to recover funds worth thousands of crores from the company raised through illicit collective investment schemes.
The assets to go under the hammer include land parcels, office space and commercial premises across Maharashtra, the market watchdog said in a notice.
SEBI has engaged HDFC Realty to assist it in sale of the properties and has fixed a total reserve price of about ₹14 crore for them.
“The properties are being sold with all the existing and future encumbrances, whether known or unknown to SEBI/ the Agency (HDFC Realty),” SEBI said.
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