India’s markets regulator SEBI says it has identified an alleged coordinated trading and disclosure pattern tied to a sharp rise in Osiajee Texfab shares. According to the report, SEBI has flagged 516 trades that it describes as synchronized, suggesting coordinated activity rather than independent market participation. SEBI also points to related-party fund flows linked to the trades as part of its investigation.
In addition, SEBI alleges that certain disclosures related to the company were misleading, forming part of the basis for its claim of a coordinated scheme. The regulator’s findings are framed as an effort to investigate whether trading was manipulated to drive the price movement, including during a period associated with a large share-price rally.
The report does not provide details of any penalty or the final outcome of the proceedings. It also does not clarify whether Osiajee Texfab or any individuals have responded to the allegations. The matter remains subject to SEBI’s investigative and enforcement process.
