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SEBI Cracks Down on LS Industries for Alleged Stock Manipulation

Summary by Devdiscourse

SEBI Cracks Down on LS Industries for Alleged Stock Manipulation The Securities and Exchange Board of India (SEBI) has taken action against Himachal Pradesh-based LS Industries and its associates following allegations of stock manipulation and fraudulent activities. The market regulator barred LS Industries, its promoter, and key individuals from participating in the securities markets until further notice.Among those restrained is Jahangir Pani…

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The Business Achiever

Stock Market Manipulation: SEBI’s Latest Investigation Explained

Find out how SEBI’s latest actions are shaping investor confidence and market integrity The Securities and Exchange Board of India (SEBI), the nation’s primary regulatory authority for securities and commodity markets, has intensified its efforts to combat stock market manipulation. Recent investigations have unveiled intricate schemes designed to deceive investors and artificially influence stock prices. SEBI’s Crackdown on LS Industries In a s…

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tezzbuzz

Sebi bans LS Industries with zero revenue, Rs 5,500 crore valuation

New Delhi: Sebi on Tuesday restrained Himachal Pradesh-based LS Industries, its promoter Profound Finance and four others from the securities markets till further orders following allegations of fraudulent activities and stock price manipulation. The markets regulator also directed Jahangir Panikkaveettil Perumbarambathu (JPP), a Dubai-based NRI public shareholder, to impound unlawful gains of Rs 1.14 crore from the sale of shares as part of a p…

2 months ago

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