“An amount equivalent to the valuation of 1.36 acres of land would be reduced from the successful bid amount to be paid by the successful bidder in its last tranche payment on pro-rata basis,” it added
Following directions from the Supreme Court for the sale of certain Sahara assets to recover money, SEBI has appointed SBI Capital Markets and HDFC Realty for auctioning various land parcels held by Sahara group.
In November last year, SEBI had lined up as many as five land parcels of Sahara for an e-auction at a total reserve price of over Rs 130 crore.
Besides, 13 properties were put on the block in October, and their combined reserve price was about Rs 1,400 crore and 58 properties were auctioned in July, last year, with a collective reserve price of nearly Rs 5,000 crore.
After spending two years in jail, Sahara chief Subrata Roy is currently out on parole. He was sent to jail on the orders of the Supreme Court in a long-running dispute with SEBI.