Over Rs 2709 crore worth enemy property shares sold by govt.
Economy Business
Shares worth more than Rs 2,709 crore were sold by the government as part of its initiative to dispose of enemy properties in the country. Assets left behind by people who have taken citizenship of Pakistan and China -- mostly between 1947 and 1962 -- are called enemy property. Union Minister of State for Home Ajay Kumar Mishra said in the Lok Sabha that the sale of the movable property such as 'shares' is done on the recommendation of a high-level committee which suggests the quantum and price level for sale of 'shares'. As on date, 19 enemy properties in Uttar Pradesh have been disposed by way of sale through e-auction held on September 8, 2023 and shares worth Rs 2709.16 crore have been sold.
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