Reliance Retail Consumer Brands launches Puric InstaSafe - The Hindu BusinessLine thehindubusinessline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thehindubusinessline.com Daily Mail and Mail on Sunday newspapers.
SAT stays Sebi order banning Kishore Biyani, other Future promoters from markets
Top Searches
SAT stays Sebi order banning Kishore Biyani, other Future promoters from markets
PTI / Feb 16, 2021, 23:06 IST
FacebookTwitterLinkedinEMail
Future Retail chairperson Kishore Biyani (File photo)
NEW DELHI: The Securities Appellate Tribunal (SAT) has stayed an order passed by Securities and Exchange Board of India (Sebi) that had banned Future Retail chairperson Kishore Biyani and some other promoters from the securities market for one year for alleged insider trading.
SAT has also directed the Future Group promoters to deposit a sum of Rs 11 crore as an interim measure. In a hearing held on February 15, 2021, the Securities Appellate Tribunal has stayed the effect and operation of Sebi s order accusing the promoters of the Future Group of insider trading in the context of purchases of Future Retail shares made in March 2017, Future Corporate Resources Private Limited (FCRPL) said