2 hrs ago
SEBI freezes ₹28.12 crore, bars six from derivatives trading
SEBI is the regulator that watches India's stock markets.
It says two companies and four people may have used a tricky trading plan involving futures and options.
The companies allegedly made large profits in options while taking losses in futures on the same shares.
SEBI believes the trades may have artificially changed prices and misled other traders.
It ordered ₹28.12 crore connected to the trades to be placed in fixed deposits.
The six parties cannot trade in derivatives until that happens.
They may still trade regular stocks under the order.
They have 21 days to respond to SEBI and must disclose their assets within 15 days.
SEBI alleged that Prrsaar Sampada and Chaubara Eats manipulated prices using coordinated stock futures and options trades.
The regulator ordered ₹22.06 crore linked to Prrsaar and ₹6.05 crore linked to Chaubara to be deposited in fixed accounts.
Four individuals—Ved Prakash Gupta, Priti Gupta, Saroj Gupta and Gaurav Tomar—were also restricted from derivatives trading.
All six parties are barred from equity derivatives until the money is deposited, but may trade regular stocks.
SEBI examined 23 scrip-days involving stocks including KFin Technologies, Swiggy, Prestige Estates and Bharat Dynamics.
- Who
- SEBI named Prrsaar Sampada Private Limited, Chaubara Eats Private Limited, Ved Prakash Gupta, Priti Gupta, Saroj Gupta and Gaurav Tomar.
- What
- SEBI issued an ex-parte interim order alleging cross-segment manipulation involving stock futures and options, froze or impounded ₹28.12 crore, and restricted the six parties from derivatives trading.
- Where
- The matter concerns India's securities markets and the Mumbai-based broker Prrsaar Sampada.
- When
- The order was issued on Wednesday and was published on September 16, 2026; the reported trades were examined from December 2025 through June 2026, with alleged activity through August 2026.
- Why
- SEBI is investigating whether coordinated orders and futures positions artificially influenced prices and generated gains.
Key facts
- Amount involved
- ₹28.12 crore
- Prrsaar-linked amount
- ₹22.06 crore
- Chaubara-linked amount
- ₹6.05 crore
- Trading restriction
- The six parties are barred from equity derivatives until the ordered amount is deposited in fixed deposits.
- Other market access
- They may trade regular stocks, according to the order.
- Regulatory review
- SEBI examined 23 scrip-days in detail.
- Response deadline
- The parties have 21 days to respond or request a hearing and must list their assets within 15 days.
Quotes
Kamlesh Varshney
SEBI whole-time member who issued the interim order
“The cross-segment price manipulation using stock options and stock futures, while also engaging in possible deceptive orders and coordinated/synchronised trading, is a novel manipulative, fraudulent and unfair trade practice employed by the suspects to deceive other market participants and profit from price fluctuation artificially induced by them in the market”
thehindubusinessline.com
Sources
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