News > Sebi Penalises Nine Entities For Manipulating Ruchi Soya Stock Prices

Sebi Penalises Nine Entities For Manipulating Ruchi Soya Stock Prices

BusinessWorld | 03/05/2022 09:18 AM | Click to read full article

Capital markets regulator Sebi has imposed a penalty amounting Rs 25 lakh on nine entities for indulging in fraudulent trade practices in the scrip of Ruchi Soya Industries Limited nearly 10 years ago.

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.