Capital markets regulator Sebi today said it has found buyers for three properties of Pancard Clubs in an auction held today for recovery of funds.
The e-auction for these assets was held today as part of the recovery proceedings against Pancard Clubs, which had raised over Rs 7,000 crore through illegal collective investment schemes (CIS) from more than 51.55 lakh investors between 2002-03 and 2013-14.
These properties are United 21 Royal Resort at Ajmer in Rajasthan, shop at Panvel in Navi Mumbai and office at Goregaon in Mumbai