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 Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..