Passing an interim order against these entities, which includes individuals and companies having dealt in these stocks, Sebi said it would expeditiously complete its investigations into the matter.
The entities restrained from accessing the securities market and prohibited from buying, selling or dealing in securities in any manner whatsoever include 4a Financials Securities, A To Z Steels, Ajit Kumar Jain, Cheminare Trade Comm, G N Credits, Gajria Jayna Precision Industries, Kuvam Plast Pvt Ltd, Littlestar Vanijya Pvt Ltd, Manish Agarwal and Milestone Shares & Stock Broking Pvt Ltd.
The others among the 19 barred entities include Neelanchal Mercantile Pvt Ltd, North Eastern Publishing & Advertising Co, Passions System Solution, Premium Hospitality Services, Ramkripa Securities, Umang Nemani, Venus Infosoft, White Horse Trading Co and Yashika Holding Pvt Ltd.
These persons and entities can file their objections, if any, within 21 days from the date of this order, Sebi said in the order passed today.
The probe relates to a sharp plunge of 20-26 per cent in the shares of Parsvnath Developers, Pipavav Defence and Offshore Engineering, Tulip Telecom and Glodyne Technoserve on July 26 at the BSE and NSE.
Sebi said a sharp downward movement was noticed in these stocks between 0915 and 0949 hours on that day. These stocks witnessed sharp intra-day price volume movement on both BSE and NSE on July 26, although no major corporate announcements or price sensitive information was disclosed to the exchanges by these companies during previous 15 days. MORE
