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SEBI fines 11 individuals ₹3.87 crore for manipulating Darshan Orna Ltd's stock price via social media.
The Securities and Exchange Board of India (SEBI) fined 11 individuals a total of ₹3.87 crore for manipulating Darshan Orna Ltd's (DOL) share price using social media channels like Telegram.
The scheme involved three tiers, with participants buying shares and spreading misleading messages to inflate the stock price from ₹77 to ₹146.7, allowing them to profit ₹2.51 crore.
The fines range from ₹10 lakh to ₹1.2 crore, reflecting SEBI's efforts to curb market manipulation.
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SEBI multó a 11 personas con 3.87 millones de rupias por manipular el precio de las acciones de Darshan Orna Ltd. a través de las redes sociales.