SEBI Bars 26 Traders for DU Digital Global Share Manipulation, Orders Disgorgement
2 hours agoBusiness
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1 SourcesMumbai, India
TBNthebalanced.news
SEBI Bars 26 Traders for DU Digital Global Share Manipulation, Orders Disgorgement

The Securities and Exchange Board of India (SEBI) has barred 26 individuals from trading for alleged price manipulation in DU Digital Global shares. SEBI ordered the individuals to return over Rs 98.78 lakh in illegal gains and imposed Rs 1.85 crore in penalties. An investigation revealed the stock price surged approximately 2,467% without business justification, driven by deceptive, coordinated trading strategies to create artificial demand and mislead investors.

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