SEBI bars Osiajee Texfab in manipulation probe

SEBI has barred Osiajee Texfab from trading shares. The regulator found a coordinated scheme to artificially inflate the company’s stock price. Evidence showed a nearly tenfold surge in share value despite negligible textile revenue. Investigations revealed synchronised trades and financial linkages among connected entities. SEBI ordered the deposit of wrongful gains and initiated a detailed probe.

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