Question
Recently SEBI auctioned the properties of which of the
following industries on 25 August 2022 to recover money that was illegally raised from investors?Solution
SEBI auctioned the properties of Sumangal Industries and GSHP Realtech on 25 August 2022 to recover money that was illegally raised from investors. SEBI probe has found that, without complying with the regulatory norms, GSHP Realtech raised money from 535 persons in 2012- 13 by issuing Non-Convertible Redeemable Debentures.
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