Feb 29 (PTI) Sebi on Thursday barred 12 entities, including promoter of V Marc India Ltd, from the securities market for engaging in a fraudulent scheme to manipulate volumes and price of the company s shares.
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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.
The regulator has ordered impounding wrongful gains worth Rs 30.56 crore earned by them through“prima facie” front-running activities, according to an interim order