https://www.taxtmi.com/caselaws?id=461282 Securities Appellate Tribunal at Mumbai partly allowed an appeal in a price manipulation case. The Tribunal directed calculation of disgorgement amount using acquisition price of Rs.5.34 per share and sale price of Rs.18.98 per share, with 12% annual interest. Previously deposited Rs.2 crore to be adjusted against the calculated amount. The case involved corporate announcements made to artificially increase scrip prices, allowing promoters to reduce holdings at profitable rates. Balance amount to be deposited within four weeks after calculation. en-us Tue, 21 Dec 2021 00:00:00 +0530 Wed, 26 Mar 2025 15:47:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461282 Securities Appellate Tribunal at Mumbai partly allowed an appeal in a price manipulation case. The Tribunal directed calculation of disgorgement amount using acquisition price of Rs.5.34 per share and sale price of Rs.18.98 per share, with 12% annual interest. Previously deposited Rs.2 crore to be adjusted against the calculated amount. The case involved corporate announcements made to artificially increase scrip prices, allowing promoters to reduce holdings at profitable rates. Balance amount to be deposited within four weeks after calculation. Case-Laws SEBI Tue, 21 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461282