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#CASOrder SEBI bars Copthall Mauritius and Mansi Share over alleged Sensex CAS manipulation @YashJain88 reports SEBI alleges manipulation of the Sensex closing price during the August 13 CAS SEBI says Copthall allegedly pushed the Sensex higher through aggressive buy orders SEBI says Mansi allegedly pushed the Sensex lower through aggressive sell orders Copthall placed buy orders at 3% above the reference price across Sensex constituents Copthall accounted for 99.91% of buy-order value during the first Sensex spike Copthall accounted for 96.09% of buy-order value during the second spike Copthall accounted for 85.21% of buy-order value during another relevant period Copthall later cancelled buy orders worth around ₹98.12 crore Mansi placed aggressive sell orders for 12.65 lakh shares across eight Sensex constituents Mansi placed around 7.05 lakh shares at 2.5% below the reference price Mansi subsequently cancelled the entire 12.65 lakh-share sell block SEBI links the cash-market activity to the entities’ expiry-day Sensex options positions SEBI alleges the trades were aimed at influencing the Sensex IEP to generate wrongful F&O gains. SEBI alleges violations of Section 12A of the SEBI Act and Regulations 3 and 4 of the PFUTP Regulations SEBI estimates Copthall’s wrongful gains at ₹2.96 crore. SEBI estimates Mansi’s wrongful gains at ₹71.65 lakh. Combined wrongful gains pegged at ₹3.68 crore. SEBI orders impounding of ₹3.68 crore in alleged wrongful gains. SEBI directs the amounts to be kept in fixed deposits with a lien in favour of SEBI. SEBI restrains both entities from accessing the securities markets. SEBI bars both entities from participating in the Closing Auction Session. SEBI directs banks to restrict debits from the noticees’ accounts, subject to specified exceptions. SEBI’s interim directions will remain in force until further orders. SEBI says immediate action is necessary to protect fair price discovery and market integrity @CNBCTV18News @CNBCTV18Live #sebi #CNBCTV18Market