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किशोर बियानी पर सेबी के प्रतिबंध का असर रिलायंस के साथ सौदे पर नहीं: फ्यूचर रिटेल - sebi s ban on kishore biyani does not affect future retail deals with reliance
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SEBI bans Future Group s Kishore Biyani, others from securities market for one year over insider trading In addition, the regulator has imposed a fine of Rs one crore each on Kishore Biyani, Anil Biyani and Future Corporate Resources and ordered them to pay back Rs 17.78 crore with interest File image of Kishore Biyani. PTI
New Delhi: SEBI on Wednesday barred Kishore Biyani and certain other promoters of Future Retail Ltd from the securities market for one year for indulging in insider trading in the shares of the company.
Apart from Kishore Biyani, who was the CMD and promoter of Future Retail Ltd (FRL), others facing the ban are Future Corporate Resources Pvt Ltd, Anil Biyani and FCRL Employee Welfare Trust.
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New Delhi, February 3
Sebi on Wednesday barred Kishore Biyani and certain other promoters of Future Retail Ltd from the securities market for one year for indulging in insider trading in the shares of the company.
Apart from Kishore Biyani, who was the CMD and promoter of Future Retail Ltd (FRL), others facing ban are Future Corporate Resources Pvt Ltd, Anil Biyani and FCRL Employee Welfare Trust.
In addition, the regulator has imposed a fine of Rs 1 crore each on Kishore Biyani, Anil Biyani and Future Corporate Resources. Besides, they have been asked to disgorge Rs 17.78 crore for the wrongful gains made by them.
SEBI order won t impact deal with Reliance: Future Group
Kishore Biyani, other people and entities involved were also slapped with a penalty of Rs 3.7 crore. February 04, 2021 / 09:30 AM IST
The Future Group, in response to the SEBI order on February 3 barring its chief executive officer (CEO) Kishore Biyani and others from accessing the securities market for a year, said the deal with Reliance Retail would remain unaffected.
The SEBI order would not impact the ongoing Rs 24,713 crore deal with Reliance, the Future Retail Limited said, while adding that the
The Securities and Exchange Board of India (SEBI), in an order issued through its whole-time member Anant Barua, found Biyani, Future Corporate and other entities involved in insider trading . The case dated back to 2017.
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