Sebi has passed an ex-parte interim order against Copthall Mauritius Investment Limited and Mansi Share and Stock Broking Private Limited for alleged manipulative trades during the closing auction session on BSE’s Sensex weekly expiry day.
The regulator has impounded Rs 3.67 crore of alleged wrongful gains and restrained both entities from accessing the securities market until the amount is deposited in fixed deposits marked with lien in favour of Sebi. In the case of Mansi, the restraint applies to its proprietary trading account.
