SAT stays SEBI’s order banning Kishore Biyani, other Future promoters from markets
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Kishore Biyani. File
The Securities Appellate Tribunal (SAT) has stayed the order passed by market regulator SEBI, that had put a one-year ban on Future Retail Chairperson Kishore Biyani and some other promoters from the securities market.
SAT has also directed the Future Group promoters to deposit a sum of ₹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 in a statement.
Insider Trading: किशोर बियानी को मार्केट्स से दूर रखने के सेबी के फैसले को SAT ने बरकरार रखा Insider Trading-tribunal stays SEBI order barring Kishore Biyani from share markets-Future Group moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
Future Retail Ltd has said that SEBI s one-year ban on its Chairperson Kishore Biyani and some other promoters from the securities market will have no impact on the Rs 24,713 crore-deal with Reliance. Further, Kishore Biyani, some other promoters and Future Corporate Resources Pvt Ltd (FCRPL) plan to appeal against the order passed by Securities and Exchange Board of India (SEBI) on Wednesday. the . Order will have no impact on the ongoing Scheme of Arrangement of the company. We understand that the relevant parties propose to challenge this Order in exercise of their statutory right to appeal, Future Retail Ltd (FRL) said in a late-night regulatory filing on Wednesday.
SEBI ban on Kishore Biyani, others won t sway Reliance deal, says Future Retail
Future Retail Ltd (FRL), in a late-night regulatory filing on Wednesday, February 3, said the order will have no impact on the ongoing Scheme of Arrangement of the company
BusinessToday.In | February 4, 2021 | Updated 16:37 IST
Future Group CEO Kishore Biyani and other promoters as well as Future Corporate Resources Pvt Ltd (GCRPL) are planning to file an appeal against the SEBI s order on Wednesday, February 3
Future Retail Ltd has said the one-year ban imposed by SEBI on the company s Chairperson Kishore Biyani and other promoters from the securities market will have no impact on its deal with Reliance Retail Ventures Ltd (RRVL), a unit of Reliance Industries.