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Firms/companies > F > Future Group SAT stays Sebi ban on Future group promoters from securities market 19 February 2021 The Securities Appellate Tribunal (SAT) has stayed the Securities and Exchange Board of India (Sebi’s) order restricting Future Group promoter Kishore Biyani and the other promoters of the group from accessing the securities market. Sebi had barred Future Group promoters from accessing the securities market for alleged insider trading in the Future Retail (FRL) scrip. The SAT order comes as a big relief to the Future Retail CEO, who is beng haunted by US online retailer Amazon over alleged violation of conditions of an agreement relating to the sale of its assets to Amazon Inc. ....
Read more about SAT stays SEBI s ban on Kishore Biyani, other Future promoters from markets on Business Standard. SAT has directed Future Group promoters to deposit a sum of Rs 11 crore as an interim measure. The case will now come up on April 12, 2021 ....
SAT stays SEBI s ban on Kishore Biyani from securities market By IANS | Published on Tue, Feb 16 2021 11:33 IST | 0 Views SAT stays SEBI s ban on Kishore Biyani from securities market. Image Source: IANS News Mumbai, Feb 16 : In a major relief for Future Retail CEO Kishore Biyani, the Securities Appellate Tribunal (SAT) has stayed the SEBI s order restricting him along with other promoters of the group from the securities market for alleged insider trading in the scrip of Future Retail (FRL). A company statement said the 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. ....