SEBI Bars 26 Individuals for Manipulating DU Digital Global SME Stock, Orders Disgorgement and Penalties
2 hours agoBusiness
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3 SourcesMumbai, India
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SEBI Bars 26 Individuals for Manipulating DU Digital Global SME Stock, Orders Disgorgement and Penalties

India's market regulator, SEBI, has barred 26 individuals from trading for up to two years due to alleged price manipulation of DU Digital Global shares on the SME platform. The regulator found these individuals engaged in deceptive, coordinated trading strategies that artificially inflated the stock price, which surged significantly without business justification. SEBI ordered the disgorgement of over Rs 98.78 lakh in illegal gains and imposed penalties totaling approximately Rs 1.85 crore to protect investors and maintain market integrity.

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