Market regulator SEBI has uncovered an alleged fund round-tripping scheme at Dhenu Buildcon, where the company's market capitalization surged from ₹3 crore to ₹4,925 crore.
SEBI has barred six individuals from selling shares in the company, citing evidence of market manipulation and artificial inflation of stock prices.
The investigation revealed that the company utilized complex fund rotation tactics to mislead investors, prompting a broader audit of similar small-cap entities.