The Hindu ·

SEBI imposes fines and market bans for stock manipulation case

Entities penalised and barred from securities market

Corruption & Accountability Capital Markets Financial Services
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India’s SEBI fined 18 entities and imposed up to five-year market bans for manipulating shares of Retro Green Revolution Limited.
Why it matters
The order includes disgorgement of unlawful gains with interest and mandates payment within a fixed deadline.
Implications
  • — Entities must pay penalties and disgorge gains — financial impact immediate
  • — Market access restricted — trading activities halted

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