Sebi had earlier issued restraint orders on two of the individuals, Manish Mishra and Vivek Chauhan, in earlier cases involving Sadhna Broadcast and Sharpline Broadcast
Sebi highlighted that dematerialisation eliminates inefficiencies and risks associated with physical share certificates, such as loss, theft, forgery, and delays in transfer and settlement
Information Minister Atta Tarar said that India was planning military action against Pakistan in 26 to 36 hours, spreading panic in the market