SEBI extends auction date for properties of seven companies

18 Aug 2023 CW Team

The Securities and Exchange Board of India (SEBI) has decided to extend the auction date for the properties of seven companies. The new auction date is set for August 31, allowing potential buyers more time to participate in the bidding process. SEBI's decision to extend the auction date comes as part of its efforts to facilitate the sale of properties owned by these companies. The move aims to attract investors and bidders who are interested in acquiring these properties. The extended timeline provides interested parties with an opportunity to conduct thorough due diligence and make informed decisions before participating in the auction. This decision reflects SEBI's commitment to ensuring a fair and transparent auction process for the disposal of properties owned by these seven companies.

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