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Our Bureau

Mumbai , Dec. 5

The Securities and Exchange Board of India has debarred 14 entities from accessing the securities market on charges of certain irregularities and contraventions of the SEBI regulations.

Mr Mahesh Kumar Patel, Aarushi Consultancy and Mr Gautam Patel have been debarred from dealing in securities for a period of two years.

The trio and eleven others were alleged to have rigged up stock prices of Sword and Shield Pharma Ltd.

Ms Jyotiben M. Patel, Ms Rajni M. Patel, Ms Heena R. Patel, Mr Nilesh Patel, Mr Pravin Rayani, Mr Hiren Rathod, Mr Parsottam P. Kundanani, Mr Rajesh Modi, Mr Praful H. Patel, Radhe Investment and Kishore Corporation have been debarred from the securities market and prohibited from buying, selling or dealing in securities, either directly or indirectly, for one year.

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