Shriram Properties Limited — Others, 18-11-2024: Copy of Newspaper Publication

Kotak Mahindra Bank has issued a notice for the e-auction of immovable properties, following the acquisition of secured assets through assignment from PNB Housing Finance. The auction will involve a property in Panruti Village with a reserve price of ₹4 crore and an earnest money deposit of ₹40 lakh, scheduled for December 5, 2024. The bank aims to recover ₹47.06 lakh outstanding on the loan account as of November 13, 2024. This initiative provides an opportunity for investors to acquire property assets at a significantly reduced price. Investors should consider this as a potential opportunity for investment, given the favorable terms of the auction.