Sebi auctions properties of 5 cos

New Delhi: Capital markets regulator Sebi has announced auctioning 13 properties of five companies, including Sunheaven Agro India and RaviKiran Realty India, along with that of promoters and directors on January 22 to recover money illegally collected from investors.

The other firms whose properties will be auctioned are Just-Reliable Projects India Ltd, Orion Industries, and Rakhal Bharoti group of companies. The properties will be auctioned at a reserve price of Rs15.08 crore, according to a public notice issued by the Securities and Exchange Board of India (Sebi) on Monday said.