Shriram Appoints Matexnet As e-auctioner
Chennai :Shriram properties, part of the chennai-based
shriram group, has appointed matexnet as its
e-auctioneer for sale of standard motors plant &
machinery at chennai the e-auction is scheduled for
september 27.the standard motors site has more then
60 sheds and 1,000 pieces of machinery worth rs32
crore. The e-auction will enable buyers from across
the country to participate in the real-time online
transaction.
“it is the largest and most complicated e-auction in
terms of plant and machinery. The entire 1,000 units
of machinery have been grouped into 40 lots
alternatively, it will also be of freed as on lot,
mr. Jagannivasan, managing director, matex net said.
Matex net, A B2B online negotiating platform,
provides end-to-end services and solution for the
sale of surplus movable and immovable assets through
online reverse and forward auctions, beside
e-tenders and corporate exchange programmes.
“we found matexnet having a strong domain expertise
in selling surplus assets through e-auction. Their
experience in handling large and complicated
projects will add value in terms of transparent and
efficient processes thereby helping in realizing
higher value for the transaction, ”mr m.murali,md
shriram properties, said.
Shriram properties had successfully bid and bagged
the 54 acre standard motors property about a year
ago through a court auction. While it plans to
promote an SEZ for it, along with some retail space
disposing of the plant and machinery was becoming a
difficult task.
|