SEBI to Auction 30 Rose Valley Properties Worth ₹409 Crore on June 27

The Securities and Exchange Board of India (SEBI) announced on Thursday that it will auction 30 properties belonging to the Rose Valley group on June 27, aiming to recover funds raised by the group through unauthorized investment schemes.

The assets, valued at a combined reserve price of ₹409.02 crore, include a wide range of properties such as land with buildings, flats, resorts, hotels, amusement parks, and plots located across West Bengal, Tripura, Bihar, and the Andaman and Nicobar Islands.

According to SEBI’s official notice, the e-auction will take place between 11 AM and 1 PM on the scheduled date.

This auction is part of SEBI’s ongoing effort to recover money from the Rose Valley group, which is accused of running illicit collective investment schemes and defrauding thousands of investors.

The market watchdog has been actively pursuing the recovery and redistribution of funds to affected investors, having previously attached assets and initiated legal action against the group’s promoters.

Investors and interested buyers are advised to review auction details, terms, and property specifics on SEBI’s official platform before participating.