Rs 3 crore to Rs 4,925 crore: Sebi order gives details on Dhenu Buildcon market cap surge

Sebi’s interim order alleges Dhenu Buildcon routed Rs 1,000 crore through connected entities as loans, later converting Rs 840 crore into equity. Despite negligible revenue, its market cap surged to Rs 4,925 crore. The regulator ordered restrictions while investigations continue.