How Dhenu Buildcon allegedly turned ₹25 crore into a ₹4,925 crore valuation
Market regulator SEBI has accused Dhenu Buildcon of using a ₹25-crore fund to artificially boost its market valuation from ₹3 crore to ₹4,925 crore. The company reportedly funneled this money through seven connected firms to create the appearance of a ₹1,000-crore loan, which was subsequently turned into equity for six of those entities. Through this fabricated loan, the firm managed to inflate both its share capital and overall market worth.