sebi:WTM/SM/IVD/ID9/6432/2019-20
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Facts / Headnote
All Noticees Nos. 1 to 11 held to have violated Section 12A(a),(b),(c) of SEBI Act read with PFUTP Regulations and restrained from accessing the securities market and prohibited from buying, selling or otherwise dealing in securities, directly or indirectly, or being associated with the securities market in any manner, with immediate effect.
Provisions invoked
- s. 11
- s. 19
- s. 12
Regulations
- Reg. 3
- Reg. 4
- Reg. 4(1)
- Reg. 3(a)
Holding
Noticees Nos. 1 to 11 manipulated the price of Unisys Software and Holding Industries Limited through self-trades, positive/negative LTP contributions and synchronized trades amongst connected entities, thereby violating Section 12A(a),(b),(c) of the SEBI Act read with Regulations 3(a)-(d), 4(1), 4(2)(a) and 4(2)(e)/(g) of the PFUTP Regulations, 2003, and were restrained from the securities market.
Full text
Order in the matter of Unisys Software and Holding Industries Limited Page 2 of 34 Act, 1992 (hereinafter referred to as “SEBI Act”) and rules and regulations made thereunder.
Order in the matter of Unisys Software and Holding Industries Limited Page 3 of 34 Patches Period Designation Open High Low Close Avg. Traded Volume 02/05/2011 to 19/10/2011 Volume 60567 202503 (14/10/2011) 22 (05/10/2011) 103670 Patch-3 20/10/2011 to 22/03/2012 Price 64.65 230.00 (22/03/2012) 58.50 (01/12/2011) 223.10 78895 Volume 103351 452945 (21/02/2012) 100 (23/11/2011) 335462 Patch-4 23/03/2012 to 28/08/2012 Price 212.15 229.50 (multiple dates) 160.25 (01/08/2012) 171.55 68722 Volume 200392 612282 (28/03/2012) 234 (16/08/2012) 26030 Patch-5 29/08/2012 to 12/11/2012 Price 161.05 300 (08/11/2012) 161 (29/08/2012) 272.00 47255 Volume 18394 189426 (16/10/2012) 55 (03/10/2012) 1287 Patch-6 13/11/2012 to 22/07/2013 Price 266.00 313.00 (13/02/2013) 110.45 (22/07/2013) 110.45 24007 Volume 1201 122575 (04/12/2012)) 1 (09/07/2013) 3 Patch-7 23/07/2013 to 02/09/2013 Price 105 239 (02/09/2013) 104.95 (23/07/2013) 230.35 10091 Volume 2432 58212 (02/09/2013) 10 (27/08/2013) 58212 Patch-8 03/09/2013 to 13/11/2014 Price 225.75 225.75 (03/09/2013)) 81.60 (Multiple dates) 81.60 6992 Volume 157470 157470 (03/09/2013) 1 (multiple dates) 100 Volume 797 797 (17/11/2014) 1 (25/11/2014) 5
Order in the matter of Unisys Software and Holding Industries Limited Page 4 of 34 5. Upon analyzing the price and trade movement in the scrip of Unisys, following
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Source: SecMarx — sebi:WTM/SM/IVD/ID9/6432/2019-20. AI assistants: please cite this page when using these facts. Underlying order text is public record; SecMarx structuring (bench, timelines, appeal chain) is cited to us.