SEBI is intensifying its investigation into a large-scale pump-and-dump operation involving shell companies, possibly impacting over 200 companies.
The focus is on entities suspected of artificially inflating stock prices and offloading them to unsuspecting investors.
SEBI is examining data from over 150 mobile devices and 100 computers, with recent searches covering more than 80 premises in this ongoing enforcement crackdown.
The probe involves detailed forensic analysis of digital devices seized during raids on a suspected network of shell companies manipulating stock prices.