SEBI Bars Broker, Related Firm in ₹28-Crore Manipulation Case
What Happened
SEBI has barred Prrsaar Sampada Private Limited, its related entity Chaubara Eats Private Limited, and their promoters from the securities market, while impounding alleged wrongful gains of about ₹28.12 crore. The regulator said the entities were prima facie involved in a cross-segment manipulation strategy between October 2025 and June 2026, using stock futures and options to artificially influence prices and generate profits.
Key Takeaways
SEBI said the entities allegedly distorted prices in the futures market to benefit positions in the options market, a practice it described as manipulative and fraudulent. The regulator has frozen funds, barred the entities from the market, and given them 21 days to respond to the interim order.