Sebi bars Osiajee Texfab for alleged manipulation

Sebi has barred Osiajee Texfab and its managing director from the securities market. The company's shares allegedly saw manipulation through synchronised trades and misleading announcements. Sebi found significant trading activity from entities connected to the managing director's husband. The textile firm's claims of steady growth were contradicted by its revenue figures. This action follows Sebi's preliminary examination of the alleged market manipulation.