Grand Dealtrade Penalized ₹5 Lakh for Illiquid Options Manipulation

SEBI imposes ₹5 lakh penalty on Grand Dealtrade Pvt Ltd for executing 49 non-genuine reversal trades in BSE's illiquid stock options segment.
The company created artificial volume of 66.04 lakh units across 23 contracts during April 2014-September 2015 investigation period.
Violations established under Regulations 3(a),(b),(c),(d) and 4(1),4(2)(a) of SEBI PFUTP Regulations for creating false market appearance.
Adjudication order issued ex-parte after multiple failed service attempts and no response from the company to show cause notice.