The Securities and Change Board of India (SEBI) is ramping up efforts to fight market manipulation, initiating a large-scale investigation into alleged pump-and-dump operations within the Indian inventory market. Practically 200 listed corporations are underneath scrutiny for purportedly inflating inventory costs earlier than promoting shares to unsuspecting buyers, in accordance with a report by NDTV Revenue. This growth underscores SEBI’s dedication to sustaining market integrity.
In a major transfer, SEBI has executed search operations throughout greater than 80 places over the previous three days. The regulator has confiscated information from over 100 computer systems and 150 cellphones, illustrating the in depth digital investigation concerned. SEBI’s complete actions type a part of a broader marketing campaign initiated over a number of months to guard buyers’ pursuits. “It’s hereby clarified that SEBI has carried out search and seizure operations at a number of places within the month of June 2025 in reference to pump and dump in sure scrips and has seized incriminating proof. Investigation within the matter is underneath progress.”
Jane Avenue case
Jane Avenue, a worldwide buying and selling agency, faces accusations from SEBI for manipulating the Financial institution Nifty index by strategic buy and sale actions, allegedly securing substantial income on the expense of retail buyers. This motion in opposition to Jane Avenue has despatched shockwaves by the Indian buying and selling group, highlighting the size and seriousness of SEBI’s enforcement efforts.
SEBI’s interim order has banned Jane Avenue from buying and selling within the Indian markets. The agency, nonetheless, is poised to problem SEBI’s findings. Kinjal Champaneria, Associate at Solomon & Co., defined the authorized choices accessible: “As per SEBI’s order dated third July 2025, SEBI has imposed a number of circumstances and have sought additional data from the entities. These embrace deposit of quantities, particulars of trades, particulars of belongings and so forth. Contemplating the rules of pure justice, the entities have 21 days to submit their replies or objections and will request a private listening to.”
Abhiraj Arora, Associate at Saraf & Companions, outlined Jane Avenue’s strategic decision-making course of: “Jane Avenue faces a direct strategic dilemma: ought to they use the 21-day window to file a reply and argue earlier than the SEBI Complete Time Member (WTM), or ought to they instantly file an enchantment earlier than the Securities Appellate Tribunal (SAT)?”
Arora additional elaborated on the authorized technique: “They need to file an in depth reply with WTM throughout the stipulated 21 days. This demonstrates compliance with the regulatory course of and is their first alternative to formally rebut the allegations on report. Alternatively, given the severity of the entire cessation of enterprise and impounding of over ₹4,800 crore, they might doubtless file an enchantment with SAT instantly.”
SEBI’s chairman, Tuhin Kanta Pandey, reaffirmed the regulator’s stern strategy in direction of market manipulation, stating, “Surveillance has been elevated each by the regulator and in addition on the trade stage.” This emphasis on heightened vigilance displays SEBI’s resolve to bolster investor confidence and uphold market requirements.
The unfolding circumstances of the alleged pump-and-dump schemes and the high-profile Jane Avenue incident are being carefully monitored by trade insiders, given their important implications for regulatory practices and market confidence in India’s monetary markets. As SEBI continues its rigorous scrutiny, the outcomes may reshape the panorama of regulatory enforcement and market operations.