Sebi ropes in HDFC Realty, SBI Cap for sale of Sahara assets

Updated - April 27, 2016 08:29 am IST

Published - April 27, 2016 12:00 am IST - New Delhi:

Tasked with the massive job of selling some properties of the Sahara group, markets regulator Sebi is believed to have roped in HDFC Realty and SBI Capital to help in the sale process.

Sources said that HDFC Realty and SBI Capital would help the markets regulator in valuation as well as the sale process for the selected properties as per the directions of the Supreme Court.

While there was no official word on the mandate, the Sebi-Sahara case was scheduled to come up for further hearing in the Supreme Court on Wednesday.

Last month, the apex court had asked Sebi to initiate the process of selling those properties whose title deeds have already been deposited with it by the Sahara group.

Sebi was asked to devise a suitable mechanism for the sale in consultation and under the supervision of Justice BN Agrawal, former Supreme Court Judge, and also seek the help of experts or expert agencies, if required. — PTI

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