SEBI: Where appellant RIL decided to sell 5% of its shareholdings in RPL and it took route with help of its agents to perpetuate scheme in cornering a substantive portion of market-wide position limit in relevant RPL Futures Contract, same was manipulation of market and such manipulation could not be treated simply as a position limit violation and it was undoubtedly a pre-planned strategy of manipulation, with all actions done by a single entity,
from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000196916/sat-upholds-sebi’s-order-to-disgorge-unlawful-gains-against-reliance-industries.aspx
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