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SEBI fined 18 entities ₹2.8 crore and banned them from India’s markets for up to 5 years for manipulating Retro Green Revolution Ltd.'s stock price through coordinated trades and false signals on Telegram, generating ₹2.94 crore in illegal gains.
SEBI fined 18 entities ₹2.8 crore and banned them from India’s securities markets for up to five years for manipulating the share price of Retro Green Revolution Ltd.
The regulator found they artificially inflated the stock’s price through coordinated trades and false signals shared on a Telegram channel, misleading investors and generating ₹2.94 crore in illegal gains.
The penalty, issued on March 17, 2026, stems from a 2020–2021 scheme involving illiquid shares, with the profits to be repaid plus 12% interest into SEBI’s investor protection fund within 45 days.
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SEBI multó a 18 entidades por ₹2.8 crore y las prohibió de los mercados de la India por hasta 5 años por manipular el precio de las acciones de Retro Green Revolution Ltd. a través de operaciones coordinadas y señales falsas en Telegram, generando ₹ 2.94 crore en ganancias ilegales.