Future Retail said on Wednesday it was committed to taking back its stores which were seized by rival Reliance, saying it had been surprised by the move.
The market regulator SEBI barred Kishore Biyani, his brother, and one of his holding vehicles
The markets regulator has banned a retail tycoon from accessing the securities markets for a year on charges of insider trading, complicating his battle to keep his companies afloat. The Securities & Exchange Board of India barred Kishore Biyani, his brother, and one of his holding vehicles, saying a company that s part of their Future Group traded in the shares of group flagship Future Retail in 2017 during a period when it had unpublished price-sensitive information. The regulator also fined all three, according to an order published Wednesday.