SEBI fines two firms ₹3.7 crore for CAS manipulation
The Securities and Exchange Board of India (SEBI) fined Copthall Mauritius Investment and Mansi Share and Stock Broking ₹3.7 crore for allegedly manipulating the Closing Auction Session (CAS) prices. SEBI found that all buy orders from Copthall exceeded the permissible deviation of 3% from the average price. This action follows a warning from SEBI Chairman Tuhin Kanta Pandey regarding strict measures against market manipulation.