Sebi’s probe discovered prima facie proof suggesting the involvement of a number of entities in creating synthetic worth motion and deceptive market exercise in the inventory
The Securities and Exchange Board of India (Sebi) has handed an interim order in opposition to over 30 entities, together with promoters and market intermediaries, in reference to alleged manipulation in the shares of RRP Semiconductor, following a rare 725-fold surge in the inventory worth over 19 months.
The regulator famous that the scrip of RRP Semiconductor — previously often known as GD Trading and Agencies — skyrocketed from ₹15 on April 2, 2024, to ₹10,887 on October 31, 2025. The sharp rise triggered a preliminary examination into potential violations of fraud and unfair commerce practices norms.
Sebi’s probe discovered prima facie proof suggesting the involvement of a number of entities in creating synthetic worth motion and deceptive market exercise in the inventory. The examination coated the interval between April 2024 and October 2025.
The order names key people together with Ramesh Mishra and Ira Mishra, together with a number of entities equivalent to Multiplier Share & Stock Advisors and Pace Stock Broking Services.
First Published: Apr 10 2026 | 10:01 PM IST