SEBI to auction assets of 5 companies on November 19 to recover illegally collected investor funds
Of the 15 properties being put on the block, seven are linked to Mangalam Agro Products, three each are related to Sumangal Industries and Falkon Industries India. Also, there is one property each of Ravi Kiran Realty India and Purusattam Infotech Industries, the markets watchdog said in the notice. These companies had collected money from investors without complying with the regulatory norms.
Of the 15 properties being put on the block, seven are linked to Mangalam Agro Products, three each are related to Sumangal Industries and Falkon Industries India. Also, there is one property each of Ravi Kiran Realty India and Purusattam Infotech Industries, the markets watchdog said in the notice. These companies had collected money from investors without complying with the regulatory norms.
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