Sebi declares highest bidders for Pancard Clubs’ properties in Kerala, Goa

Sebi declares highest bidders for Pancard Clubs’ properties in Kerala, Goa
22/08/2018 , by , in News/Views

Markets regulator Sebi today declared the highest bidders for a couple of properties belonging to Pancard Clubs for a combined bid value of Rs 4.94 crore. The properties include land parcels in Kerala and Goa, according to separate Sebi communications.

Following the conclusion of e-auction of the land parcels in Kerala, ARV Ventures has been declared as the highest bidder with a bid amount of Rs 4.40 crore, the Securities and Exchange Board of India (Sebi) said.

For the property in Goa, the regulator has announced Ramniwas L Agarwal, Vijay J Shewakramani and Manohar Jathar as the highest bidders “jointly” for a bid value of Rs 54 lakh.

In both cases, the bidders have to immediately pay a sum amounting to the bid value’s 25 per cent, which includes the earnest money deposit already deposited by them.

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