DU Digital under Sebi scanner: Regulator bars 26 individuals, slaps penalty after SME stock rallies 1,393%
Sebi has barred 26 individuals from the securities market for up to two years for manipulating the price of SME-listed DU Digital Technologies, whose stock surged 1,393% between 2021 and 2023. The regulator ordered disgorgement of Rs 98.78 lakh plus interest and imposed penalties totalling Rs 1.87 crore after finding coordinated, deceptive trading.
Sebi has barred 26 individuals from the securities market for up to two years for manipulating the price of SME-listed DU Digital Technologies, whose stock surged 1,393% between 2021 and 2023. The regulator ordered disgorgement of Rs 98.78 lakh plus interest and imposed penalties totalling Rs 1.87 crore after finding coordinated, deceptive trading.
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