Sebi has barred 26 individuals from capital markets for up to 2 years and imposed ₹1.87 crore in penalties for manipulating DU Digital Technologies stock. The regulator also directed disgorgement of ₹98.78 lakh in unlawful gains with 12% annual interest. The action follows the stock's 1,393% surge from ₹12.00 to ₹179.10 between August 2021 and March 2023, with a peak of ₹296.05. Sebi found the accused operated as a coordinated group using deceptive trading strategies to artificially inflate price and volume on the NSE SME platform.
Sebi Bars 26 Individuals, Imposes ₹1.87 Crore Penalty for DU Digital Stock Manipulation
