Sebi to auction 11 Sunshine Infra assets in Sept to recover illegal funds

Move comes after Sunshine Infrabuild failed to refund money that it illegally raised from people

Markets regulator Sebi will auction as many as 11 properties owned by Sunshine Infrabuild Corporation in September to recover funds that it illegally raised from people.

The properties to go under the hammer include land parcels and shops in Delhi, Uttar Pradesh, Gujarat and Chhattisgarh, Securities and Exchange Board of India (Sebi) said in a public notice.

As part of the recovery proceedings, Sebi will auction the properties in Delhi, Uttar Pradesh, Gujarat on September 7, while assets in Chhattisgarh will go under the hammer on September 8.

The regulator has engaged SBI Capital Markets Ltd for