Sebi To Auction 16 Properties Of Eight Companies On January 30
News 18Markets regulator Sebi on Friday said it has lined up 16 properties of eight companies, including Vibgyor Group of companies, Pailan Group of companies, on January 30 to recover money illegally collected from investors. The other firms whose properties will also be auctioned are Kolkata Weir Industries, Tower Infotech group, GBC Industrial Corp group, Teachers’ Welfare Credit and Holding group, Hahnemann Herbal group and Annex Infrastructure India Ltd. Of the 16 properties, five are related to the Vibgyor group, three to Tower Infotech, two each of Pailan group and GBC Industrial Corp, and one each of Kolkata Weir Industries, Teacher’s Welfare Credit and Holding group, Hahnemann Herbal group, and Annex Infrastructure India Ltd. Vibgyor Allied Infrastructure had issued optionally fully convertible debentures in 2009 and raised Rs 61.76 crore and Hahnemann Herbals Ltd had issued redeemable preference shares worth Rs 23.18 crore between 2008-09 and 2012-13.