Ruchi Soya Industries shares manipulation: Sebi bars 9 entities
PTI: Mumbai, Feb 15 2013, 21:14 IST
last 10 minutes of the trading day. Further, the price and volume movement in the scrip was mainly concentrated during the last 3 minutes of the trading.
It was also noted that Ruchi Soya was removed from the derivative segment on September 27, last year, which was the expiry day of all derivative contracts under examination in the scrip of the company.
Sebi found the nine entities had heavily traded in the shares of the company at the NSE on the trading day. "These entities were collectively holding long position in futures, to the extent of 71.96 lakh shares of Ruchi Soya," Sebi said.
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