Overview

• SEBI has widened its investigation to roughly 200 private listed companies suspected of inflating share prices and offloading gains onto retail investors.
• In the past three days, enforcement teams conducted search operations at over 80 locations and extracted data from more than 100 computers and 150 mobile phones.
• These latest actions build on June’s multi-city search and seizure operations that uncovered incriminating digital evidence in pump-and-dump schemes.
• Probes have highlighted cases involving an IIFL Securities analyst and promoters of Sadhana Broadcast for using media hype to drive stock surges.
• The regulator has issued interim orders, including freezing gains at Jane Street, to deter manipulators and reinforce market integrity.