Shimla, May 25, 2017: Securities and Exchange Board of India (SEBI) under the chairmanship of Justice (retd) R M Lodha, had invited bids to sell the two major project of PACL Limited in Solan and Kangra district in exercises to refund public investment worth Rs 40,000 to 49,000 crore.
Talking to UNI, a SEBI spokesman said Lodha committee and SEBI decided to dispose properties of company so that the sale proceeds can be paid to the investors.
He said that Justice Lodha panel has been authorised to effect the sale of the properties of PACL Ltd, or properties wherein PACL Ltd has interest/right there in directly or indirectly.
Meanwhile in separate statement issued by SEBI to media here today said the Committee vide public notices and press releases has been from time to time informing that the process of refund would be initiated upon realisation of a sizeable amount.
Monday, April 14, 2025: Arnya Realestates Fund Advisors, an alternative investment management firm, specializing in real…
New Delhi, April 14, 2025: Bollywood singer Shantanu Mukherjee, popularly known as Shaan, along with…
Hyderabad, April 14, 2025: GHR Infra is proud to announce the receipt of the Occupancy…
India, April 14, 2025: Ridhira Group, a pioneering leader in wellness-focused real estate, is pleased to…
Hyderabad, April 12, 2025: GHR Infra is proud to announce the receipt of the Occupancy…
Bengaluru April 12, 2025: Nandi Economic Corridor Enterprise (NECE) Ltd, a leading infrastructure development company, was…