SEBI's investor protection tool is annoying small companies
Finshots Daily
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Introduction
Mercury EV Tech is a small Indian EV maker. Shares trade on the bomb based stock exchange or the BSE. According to SEBI's current classification, stocks of companies with a market capitalization of anything under 5000 crore rupees are listed as small cap entities. The idea is to spread false information, trade the stock internally, drive up price and attract gullible investors looking for quick money.
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Transcript
