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Nine entities in the scrip of Ruchi Soya Industries Ltd that were found indulging in fraudulent trade practices about 10 years ago, have been slapped with a total penalty of Rs25 lakh by market regulator Securities and Exchange Board of India (SEBI). ....
Sebi observed that three entities as buyers placed buy orders in the scrip of Ruchi Soya at a price higher than the Last Traded Price (LTP), although sell orders were available in the system for the requisite quantity at a lower price, during the investigation period, , sebi, ruchi soya, Manipulation ....