SEBI debars 13 entities

The Securities and Exchange Board of India (SEBI) has debarred Warner Multimedia Limited along with 12 other related entities namely, Shri Jagadish Prasad Purohit; Shri Kailash Prasad Purohit; Vaishno Trade Link Private Limited ; Godavari Commerce Private Limited ; Pragati Merchant; Success Merchant Private Limited ; Rolex Merchant Private Limited ; Shri Govardhan Jain; Mumbadevi Finance and Investment Company Private Limited ; Safal Investments; Shri Gaje Singh Chahl and Shri Arun Goyal from buying, selling and dealing in the securities market for a period of three years for their involvement in price manipulation in the shares of Warner Multimedia Limited