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    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?
    A Sumangal Industries and GSHP Realtech Correct Answer Incorrect Answer
    B Viryama and Sumangal Industries Correct Answer Incorrect Answer
    C Sahara and GSHP Realtech Correct Answer Incorrect Answer
    D ADB Shipyard and Sumangal Industries Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    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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