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SEBI Imposes Rs 2.80 Crore Penalty, Orders Rs 2.94 Crore Disgorgement on 18 Entities for Stock Manipulation
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SEBI Bars 18 Entities, Orders Rs 2.94 Cr Disgorgement in Stock Manipulation Case
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Moneycontrol
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19-03-2026, 20:11
SEBI Bars 18 Entities, Orders Rs 2.94 Cr Disgorgement in Stock Manipulation Case
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SEBI has barred 18 entities, including Sanjay Arunkumar Choksi and associates, for manipulating Retro Green Revolution Ltd (RGRL) shares.
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The regulator ordered disgorgement of Rs 2.94 crore with 12% interest and imposed penalties totaling Rs 2.80 crore.
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Market bans ranging from four to ten years were imposed on key noticees for their involvement.
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Choksi Group re-entered RGRL in 2018, built a 42.7% stake, and controlled the company despite not being a formal promoter.
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The manipulation involved circular trading, funding arrangements, LTP manipulation, and Telegram tips to offload shares to retail investors.
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