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.

by shortkt.com
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How Dhenu Buildcon allegedly turned ₹25 crore into a ₹4,925 crore valuation | ShortKT