Besides, Sebi will refer the findings of all the details about the beneficiaries and facilitators of such trade to the Income Tax department for further action.
A proposal in this regard would be presented before Sebi's board this week, which follows an analysis of trades in various stocks referred by the Tax department, sources said.
"Based on analysis, approximately 32,000 entities in various categories were identified for further examination," they added.
The move comes after Sebi received references from the tax department highlighting methods used by the operators by allegedly manipulating prices of scrips and thus misusing the stock exchange platform for booking LTCG, short term capital loss and thereby evading tax.
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The regulator would also refer the finding of the investigation along with details of beneficiaries (sellers), exit providers (buyers) and their trade to the tax department for necessary action at their end.
In cases where Sebi could not establish price manipulation charges, the regulator would request the tax department for additional evidence.
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