Sebi prohibits 7 companies from raising capital, 10 from trading

Market regulator Securities and Exchange Board of India (Sebi) on Wednesday banned seven firms from issuing equities and equity-related instruments. It also banned 10 other entities, including some foreign institutional investors (FIIs) and sub-accounts, from trading securities for allegedly manipulating markets through issuances of global depository receipts (GDRs).

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