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Sebi Fines Future Corporate Resources, Kishore Biyani, 13 Others for Open Offer Lapses

They have been asked to pay the fine within 45 days, the Securities and Exchange Board of India says in its order

Vivek biyaniVijay biyaniAshni kishore biyaniLaxminarayan biyaniNoticees pacsSunil biyaniRakesh biyaniSangita biyaniKishore biyaniGopikishan biyaniAvni biyaniExchange board of india sebiCorporate resources pvt ltdFuture corporate resourcesPraxis homeExchange board

open offer - SEBI penalises Future Corporate Resources, Kishore Biyani, 13 others for open offer lapses

One of the purposes of obligations in respect of an open offer is to provide an exit option to the shareholders other than the promoters of the target company, Sebi said

Rakesh biyaniVivek biyaniAvni biyaniGopikishan biyaniSunil biyaniVijay biyaniAshni kishore biyaniSangita biyaniKishore biyaniLaxminarayan biyaniNoticees pacsCorporate resources pvt ltdFuture corporate resources pvt ltdSubstantial acquisitionAkar estateSurplus finvest

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