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Shriram Automall India Limited (SAMIL) has become the household name in pre-owned automobile fraternity for its excellence and expertise during the last nine years. And the company always aims to diversify its business verticals across other industries in the same auction domain to multifold its growth. The vision of SAMIL to enter industrial auction in addition to its existing automobile industry has become reality by acquiring a majority stake in Augeo Assets Management Private Limited (Augeo).
Now, SAMIL will be conducting e-auction for diversified assets including real estate, plant & machinery, equipment, commodities, natural resources, minerals, mines, salvage/scrap/surplus, and miscellaneous assets through Augeo’s electronic market place 123done.in which also hosts E-selling, e-procurement, and e-listing services.
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