SEBI order on Kalpa Commercial (April 2018)
Came across this order from SEBI.
https://www.sebi.gov.in/enforcement/orders/apr-2018/order-in-the-matter-of-kalpa-commercial-ltd_38814.html
From Page 4- pt 8
Ex parte Interim Order in the matter of Kalpa Commercial LimitedPage 4of 248.As per the data provided by Airtel,around 3.42 crorebulk SMSeswere circulated through aggregator/telemarketer which recommended ‘buy’for the scrip of KCL. Further examination by SEBI brought out that some persons/entities acting as a group haveemployed misleading SMSesas a tool for creating investor interest and offloading their shares in a manipulative manner through layeringof offmarket transactions or directly.
From the ex-parte interim order by SEBI member, Madhabhi Puri Buch.
BEWARE OF ALL THESE TIPS. You will lose money.
https://www.sebi.gov.in/enforcement/orders/apr-2018/order-in-the-matter-of-kalpa-commercial-ltd_38814.html
From Page 4- pt 8
Ex parte Interim Order in the matter of Kalpa Commercial LimitedPage 4of 248.As per the data provided by Airtel,around 3.42 crorebulk SMSeswere circulated through aggregator/telemarketer which recommended ‘buy’for the scrip of KCL. Further examination by SEBI brought out that some persons/entities acting as a group haveemployed misleading SMSesas a tool for creating investor interest and offloading their shares in a manipulative manner through layeringof offmarket transactions or directly.
From the ex-parte interim order by SEBI member, Madhabhi Puri Buch.
BEWARE OF ALL THESE TIPS. You will lose money.
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