Varanium Cloud and Add-Shop E-Retail - both listed on the small and medium-sized enterprises (SMEs) platform were found to have manipulated their financial statements to fuel gains in their shares, according to initial orders issued by the Securities and Exchange Board of India (Sebi).
The authorities have banned both companies and their founders from dealing in the country's capital market.
The crackdown comes after the regulator issued warnings earlier in 2024 of price manipulation in tiny initial public offerings (IPOs).
هذه القصة مأخوذة من طبعة May 15, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة May 15, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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