Mumbai: India’s market regulator on Thursday began the mammoth task of auctioning off properties owned by the Sahara group of companies, spread over 4,700 acres, in order to raise the bail money needed for its jailed chairman Subrata Roy.
In advertisements published in national dailies, the Securities and Exchange Board of India (Sebi) said that it has put up for sale 10 properties at a reserve price of Rs.1,193.95 crore.