Auction of Sahara properties next week: Sebi to SC

Sebi has initiated an auction of 16 assets of  Sahara within 4 months to raise Rs. 10,000 crore which the court asked the group to pay in order to get it’s chief Subrata Roy out of jail.
After Vijay Mallya, Roy will have to furnish details of his firms and properties as directed by the bench.
The court said the group had to pay more than Rs. 30,000 crore of investor’s money and hinted that default of paying Roy’s property would be put on block.