SEBI Auctions Rose Valley Group Properties

17 Apr 2024 CW Team

The Securities and Exchange Board of India (SEBI) has announced plans to auction 22 properties belonging to the Rose Valley Group on May 20. This auction is part of SEBI's ongoing efforts to recover funds for investors affected by the Rose Valley chit fund scam.

SEBI's decision to auction the properties comes after the regulator obtained approval from the Supreme Court to sell the assets of the Rose Valley Group. The properties to be auctioned include land parcels, commercial spaces, and residential units located in various parts of the country.

The proceeds from the auction will be utilised to refund investors who were duped in the Rose Valley chit fund scheme. SEBI has been actively engaged in the recovery process to ensure that affected investors receive their rightful dues.

The auction of Rose Valley Group properties underscores SEBI's commitment to investor protection and market integrity. By liquidating the assets of entities involved in fraudulent activities, SEBI aims to deter malpractices and safeguard the interests of investors.

Investors who suffered losses in the Rose Valley chit fund scam are encouraged to participate in the auction process and stake their claims for restitution. SEBI remains vigilant in its pursuit of justice and will continue to take necessary actions to uphold investor confidence and trust in the securities market.

Overall, the auction of Rose Valley Group properties by SEBI marks a significant step towards recovering funds for defrauded investors and holding perpetrators of financial crimes accountable.

Infrastructure Energy

17 Dec 2025

Vedanta Aluminium Uses 1.57 bn Units of Green Energy in FY25

Vedanta Aluminium, India’s largest aluminium producer, recently reported consumption of 1.57 billion units of renewable energy in FY25, marking a significant milestone in its 2030 decarbonisation roadmap. The company also achieved an 8.96 per cent reduction in greenhouse gas (GHG) emissions intensity compared to FY21, reinforcing its leadership in India’s low-carbon manufacturing transition. During FY25, Vedanta Aluminium expanded its renewable energy portfolio through long-term power purchase agreements, strengthening its strategy to source nearly 1,500 MW of renewable power over the lon..

Oberoi Group to Develop Luxury Resort at Makaibari Tea Estate

EIH Limited, the flagship company of The Oberoi Group, has announced the signing of a management agreement to develop an Oberoi luxury resort at the iconic Makaibari Tea Estate in Darjeeling. The project marks a key milestone in the Group’s long-term strategy of creating distinctive hospitality experiences in rare and environmentally significant locations. Established in 1859, Makaibari is one of the world’s oldest tea estates and is globally recognised for its Himalayan landscape, primary forests and exceptional biodiversity. Spread across 1,236 acres, the estate houses one of the world�..

GHV Infra Secures Rs 1.09 Bn EPC Order in Jamshedpur

GHV Infra Projects Ltd, a fast-growing EPC company in India’s infrastructure and construction sector, has recently secured a Rs 1.09 billion work order in Jamshedpur, Jharkhand. Awarded by a reputed group entity, the contract covers end-to-end civil construction, mechanical, electrical and plumbing (MEP) systems, along with high-quality finishing works for a large building development. The project will be executed over a 30-month period, with defined benchmarks for quality, safety and timely delivery. The order strengthens GHV Infra’s footprint in Jamshedpur, a key industrial hub known fo..