SEBI fines stock brokers, related entity ₹28 crore for price manipulation

The Securities and Exchange Board of India (SEBI) impounded the bank accounts of Prrsaar Sampada Private Limited and its related entity, Chaubara Eats Private Limited, amounting to ₹28 crore for price manipulation between October 2025 and June 2026, according to an interim order released on Wednesday (September 16, 2026).

“Prrsaar and Chaubara have been observed to be prima facie involved in the repetitive cross-segment price manipulation using stock futures and stock options during the examination period across the top 13 scrip and top 10 scrip days, by profit, respectively. This has resulted in cumulative wrongful gains amounting to approximately ₹28.12 crore made by these entities over a period of about 9 months,” SEBI said in an interim order.