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Our Bureau

Mumbai , Nov. 24

The Securities and Exchange Board of India has restrained Cyberspace Ltd from buying, selling and dealing or accessing the securities market in any manner for two years as there was unusual movement in the shares of the company.

The promoters of the company - Mr Arvind Johari, Mr A.M Johari and his family members - were found to be involved in manipulating the price of the company's scrip and creating artificial volumes, according to the SEBI.

Shares of the company were listed on the Bombay Stock Exchange, National Stock Exchange, Delhi Stock Exchange and Uttar Pradesh Stock Exchange.

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