Sebi to auction 17 properties of MPS Group on Feb 25

Market regulator Sebi Thursday said it has lined up as many as 17 properties of the West Bengal-based MPS Group of companies for an online auction next month at a total reserve price of about Rs 65 crore. This sale is in addition to over 30 properties of the group auctioned in June 2017 and February 2018 and is part of Sebi's efforts to recover money. In a notice, the Securities and Exchange Board of India (Sebi) said 17 properties of the group will be auctioned on February 25, at a reserve price of Rs 64.50 crore. The properties listed for sale include land parcels, buildings, residential flat and commercial space in Kolkata. SBI Capital Markets has been engaged by Sebi to assist it for sale of the properties through the e-auction platform.