STOCK MANIPULATION


Moneylife Digital Team 23 April 2024
According to a Reuters report, India’s market regulator Securities and Exchange Board of India (SEBI), has found that a group of offshore funds investing in companies under the Adani umbrella have breached disclosure regulations and exceeded investment thresholds. These insiders, preferring...

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Moneylife Digital Team 04 April 2024
Market regulator Securities Exchange Board of India (SEBI) has imposed a penalty of Rs1.03 crore on 15 entities for manipulating the share price of Best Agrolife Ltd (BAL). The penalty, ranging from Rs5 lakh to Rs9 lakh, has been levied on these entities for creating a misleading appearance of...

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Moneylife Digital Team 28 March 2024
The trends of the major indices in the course of the week’s trading are given in the table below:     As the final market day of FY23-24 concluded, Indian markets experienced one of their best years, with the Nifty ranking among the top-performing markets in Asia, yielding nearly 29% USD...

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Moneylife Digital Team 29 February 2024
Market regulator Securities and Exchange Board of India (SEBI) has barred 12 entities, including the promoter of V Marc India Ltd, from the securities market for engaging in a fraudulent scheme to manipulate the volumes and price of the company's shares since its listing. Additionally, SEBI...

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Moneylife Digital Team 16 January 2024
Market regulator Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs93 lakh on eight, including promoters, chairperson and managing director (CMD) and directors, while directing three of them to disgorge Rs22.80 crore, the unlawful gains earned by manipulating the share...

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Moneylife Digital Team 05 September 2023
Market regulator Securities and Exchange Board of India (SEBI) has barred 65 entities from markets for two years while directing 27 entities to disgorge unlawful gains worth Rs40.23 crore earned by manipulating the share price of Yamini Investment Ltd. SEBI also imposed a penalty of Rs8 lakh...

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Moneylife Digital Team 02 March 2023
While impounding alleged illegal gains worth Rs41.85 crore earned from manipulating Sadhna Broadcast Ltd scrip, market regulator Securities and Exchange Board of India (SEBI) has barred till further orders 31 entities, including Bollywood actor Arshad Warsi and his wife, Maria Goretti. SEBI...

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Moneylife Digital Team 02 March 2023
In another case of stock manipulation, where videos on YouTube were used to spread false and misleading information to recommend a scrip, market regulator Securities and Exchange Board of India (SEBI) has impounded illegal gains worth Rs12.41 crore earned from manipulation Sharpline Broadcast...

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Moneylife Digital Team 15 February 2023
The securities appellate tribunal (SAT) has affirmed an order passed by the Securities and Exchange Board of India (SEBI) against three entities for manipulating the price of Mishka Finance and Trading Ltd (Mishka), formerly known as Pyramid Trading and Finance Ltd. The three entities include...

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Moneylife Digital Team 29 April 2021
Market regulator Securities and Exchange Board of India (SEBI) has banned three entities -Shah Dhiren Mahendrakumar (HUF), Amee Dhiren Shah and Affluence Fincon Service Pvt Ltd from the markets for one year for indulging in insider trading in the shares of Infibeam Avenues Ltd (IAL). SEBI has...

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Moneylife Digital Team 14 May 2019
Coming down heavily on a taxpayer for what can be termed as ‘sham’ long-term capital gain (LTCG) transactions, the Delhi bench of income-tax appellate tribunal (ITAT) said the jump in the share price of a company of unknown credentials, cannot be an accident or windfall but is possible...

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Moneylife Digital Team 19 October 2018
On 17th October, Reliance Industries Ltd (RIL) came out with its financial results for the second quarter (Q2) of FY18-19 results. However, more than the numbers, the buzz was created by its announcement of plan to acquire 66% stake in Den Networks and 51.30% stake in Hathway Cable, which...

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In February 2017, when the Infrastructure Leasing & Financial Services  (IL&FS) was already facing a liquidity crisis and its board of directors was probably discussing a fat, 144%  pay hike for chairman Ravi Parthasarathy (taking his pay to Rs26.3 crore), he was busy settling a stock...

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Moneylife Digital Team 03 January 2018
Archit Organosys, which manufactures chemicals, specialty derivatives and adhesives and sealants, claims to be of the leading chemicals companies in India. The surprising part is that, though the company’s website claims that it has maintained a steady growth and has ‘matured itself in...

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Moneylife Digital Team 22 November 2017
Best Steel Logistics Limited (BSLL) claims to provide warehousing solutions for steel industry and is also engaged in trading of steel and related products. It controls four warehouses with a total area of 373,000 square feet, located in Bengaluru, Hyderabad, Faridabad and Ghaziabad. While...

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Moneylife Digital Team 08 November 2017
Toyam Industries was originally incorporated as Chetram Balkrishan Limited and later changed its name to Ojas Asset Reconstruction Company Limited before it was rechristened  Toyam Industries in December 2016. The penultimate renaming was designed to reflect its changed business—from...

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Moneylife Digital Team 25 October 2017
New Bank of India Limited was into banking. Its business was taken over by the government in 1980 and, after nationalisation, the company changed its name to NBI Industrial Finance Co Limited and began to operate as a non-banking financial company (NBFC). It provides hardly any information to...

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Moneylife Digital Team 11 October 2017
Antarctica Ltd claims, on its website, that it started off with providing pre-press services; diversified into printing on a job-work basis with multicolour offset printing machines and, now, is in the packaging and printing business. The company was earlier called Antarctica Graphics Limited...

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Moneylife Digital Team 27 September 2017
Yuranus Infrastructure Limited, formerly known as Pankhil Finlease Limited, was incorporated as a non-banking financial company (NBFC). Pankhil Finlease had got into quite a few legal and regulatory issues. The company and its directors were held guilty of default in filing annual returns in...

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Moneylife Digital Team 13 September 2017
Blue Pearl Texspin Limited was formerly known as E-Wha Foam India Limited. It started off with the setting up a unit in Goa to produce 1,500TPA (tonnes per annum) of polyethylene foam products in collaboration with E- Wha Foam Korea Co (South Korea). In 2012, it changed its name to Blue Pearl...

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