JSW Steel plans $1 billion investment for decarbonization purposes

The Securities and Exchange Board of India (SEBI) had planned to auction eight properties belonging to HBN Dairies & Allied next month, setting a reserve price of Rs 670.70 crore. The move was part of SEBI’s efforts to recover funds that HBN Dairies had raised through unauthorised collective investment schemes. The initiative came after the Supreme Court issued an order on May 14, 2024, that authorised SEBI to sell HBN Dairies & Allied’s assets with the active participation of the liquidator. SEBI had initiated the process of selling the assets after HBN Dairies & Allied and its directors, Harmender Si..