The five companies referenced in the order are Mauria Udyog Ltd., 7NR Retail Ltd., Darjeeling Ropeway Company Ltd., GBL Industries Ltd. and Vishal Fabrics Ltd.
SEBI has time and again cautioned investors to be aware of fraudulent activities which are being carried out through SMSs, various websites and social media. It has also advised investors to deal only with registered intermediaries.
Taking stern action against stock manipulation in scrips of Mauria Udyog Ltd, 7NR Retail Ltd, Darjeeling Ropeway Company Ltd, GBL Industries Ltd and Vishal Fabrics Ltd through bulk SMS, Securities Exchange of Board of India (SEBI) has barred 135 entities from markets. At the same time, the market regulator has issued show cause notices to 226 entities, including numerous mule accounts.
SEBI debars 135 entities for duping investors tribuneindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tribuneindia.com Daily Mail and Mail on Sunday newspapers.
The regulator has issued impounding orders amounting to Rs 126 crore towards wrongful gains made by the entities by indulging in stock price manipulations.