While the total value of these shares and mutual funds is Rs 94.52 crore, the costly four-wheelers are worth a few crores and hence the total seizure value stands to be over Rs 100 crore, the officials said.
Multiple teams of the agency raided four locations of such firms in the Opera House, Peddar road, Goregaon (East) and Powai areas of the Maharashtra capital, they said.
ED investigators have stepped up their action against the suspected shell firms linked to Nirav Modi and Mehul Choksi.
The ED had registered a case against Modi and the fellow accused on the basis of two FIRs filed by the Central Bureau of Investigation (CBI).
The ED has also summoned Modi and Choksi to appear before it this week at its Mumbai zonal office.
Centrica to cut 4000 more jobs as headwinds strengthen
The majority of the 4,000 jobs lost will be in the United Kingdom , where 30,000 of its 35,000-strong global workforce are based. He said the company has "no regrets" over its decision to sell its stake in Hinkley Point C in 2013.
It also seized nine high-end luxury cars of Modi as part of its investigation against him under the criminal provisions of the Prevention of Money Laundering Act (PMLA).
"We are looking at securing the proceeds of crime". Mr. Krishnan has also resigned from the audit committee.
The sources said the ED was looking at collecting all financial documents - personal and official - of Modi, Choksi and their businesses to take the probe forward.
The FIR alleged that on the day of opening of the retail franchise store in Rajouri Garden in West Delhi in October 2013, the fraud came to light as they received "third grade items".
In what has been dubbed the biggest fraud in India's banking history, police have so far arrested a dozen people - six from the bank and six more from Modi and Choksi's companies - as they continue the probe.