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Sebi cautions investors over PACL properties

NEW DELHI: Regulator Sebi on Wednesday asked PACL’s investors to file their claims for refund of money in a prescribed format to be issued by Supreme Court-appointed committee and cautioned public at large against dealing with any property where the group and its promoters have interests.

New Delhi, February 22

Regulator Sebi on Wednesday asked PACL’s investors to file their claims for refund of money in a prescribed format to be issued by Supreme Court-appointed committee and cautioned public at large against dealing with any property where the group and its promoters have interests.

Sebi said the process to auction PACL Ltd’s properties was underway.

It had earlier invited expression of interest (EOI) from the public at large on the properties of PACL, formerly called Pearl Agrotech Corporation. The regulator also cautioned public against buying, dealing with any properties wherein PACL Ltd or any of its associates/subsidiaries have any interest/rights, directly or indirectly. — PTI

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