SEBI bans 221 entities in Rs 144 crore pump-and-dump scam, bars mastermind Hanif Shekh for 7 years

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India’s capital markets regulator, the Securities and Exchange Board of India (SEBI), has barred 221 entities from the securities market after uncovering what it described as an “industrial-scale” stock manipulation scheme involving five listed companies.

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SEBI bans 221 entities in Rs 144 crore pump-and-dump scam, bars mastermind Hanif Shekh for 7 years

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