Market regulator Securities and Exchange Board of India (Sebi) has barred 39 individuals and entities from accessing capital markets in connection with irregularities in RRP Semiconductor, a stock listed on the BSE which jumped 725 times in 19 months from Rs 15 to Rs 10,887.10.
In a 47-page interim order issued on Friday, the securities market watchdog restricted the company’s promoters/directors Ira Mishra, Sumita Mishra and Ramesh Mishra, three entities viz. Multiplier Share & Stock Advisors Pvt. Ltd, Pace Stock Broking Services Pvt. Ltd and Neo Apex Venture LLP along with 33 others from buying and selling the stock.
While directing depositories NSDL and CDSL to freeze the equity shares of RRP in the demat accounts of the accused, Sebi…







