Two years later, Sebi has delivered a sharply different story. In a detailed order, the market regulator has barred Droneacharya, its promoters Prateek Srivastava and Nikita Srivastava, and several associated entities from the securities market for two years. The regulator found that the company diverted IPO proceeds, misrepresented financial statements, and used corporate announcements to artificially hold up share prices after listing.
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Pre-IPO exits at manipulated prices: Why Sebi went after Ranbir Kapoor and Aamir Khan-backed company?
