Home / Markets / News / Sebi lifts trading ban on Ruchi Global, 4 other firms in castor seeds case

Sebi lifts trading ban on Ruchi Global, 4 other firms in castor seeds case

Sebi had barred the five entities, among others, from the securities markets for alleged fraudulent and manipulative trading in castor seeds on leading commodity bourse NCDEX

Premium

National Steel & Agro Industries, Secunderabad Oils, and UKS Oils are the other entities on whom the ban has been lifted

Press Trust of India New Delhi

2 min read Last Updated : Aug 13 2020 | 11:46 PM IST

Markets regulator the Securities and Exchange Board of India has lifted its trading ban on five entities, including Ruchi Global and Ruchi Soya Industries, in a case related to alleged manipulation in castor seeds trading.

National Steel & Agro Industries, Secunderabad Oils, and UKS Oils are the other entities on whom the ban has been lifted. Through two interim orders passed in March 2016 and May 2016, Sebi had barred the five entities, among others, from the securities markets for alleged fraudulent and manipulative trading in castor seeds on leading commodity bourse NCDEX.

Later in March 2017, the directions issued

Topics : Sebi castor seed

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in