Securities market ban on Biyani won t impact Future-Reliance deal
By IANS |
Published on
Thu, Feb 4 2021 19:03 IST |
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Mumbai: Kishore Biyani, CEO, Future Group and MD during the launch of Oats brand Kosh as India s third grain in Mumbai on Oct. 17, 2016. . Image Source: IANS News
Mumbai, Feb 4 : The Indian security markets regulator s bar on Future Retail CEO Kishore Biyani will not impact the proposed deal to sell Future Group s retail, wholesale, logistics and warehouse businesses to Reliance Retail.
The SEBI order said that during the period of restraint, the existing holding of securities including the units of mutual funds, of the concerned noticees, shall remain under freeze.