SEBI Bars 18 Entities, Orders Rs 2.94 Cr Disgorgement in Stock Manipulation Case

• SEBI has barred 18 entities, including Sanjay Arunkumar Choksi and associates, for manipulating Retro Green Revolution Ltd (RGRL) shares.
• The regulator ordered disgorgement of Rs 2.94 crore with 12% interest and imposed penalties totaling Rs 2.80 crore.
• Market bans ranging from four to ten years were imposed on key noticees for their involvement.
• Choksi Group re-entered RGRL in 2018, built a 42.7% stake, and controlled the company despite not being a formal promoter.
• The manipulation involved circular trading, funding arrangements, LTP manipulation, and Telegram tips to offload shares to retail investors.