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Future Retail CEO Kishore Biyani barred from securities market for insider trading
The Securities and Exchange Board of India (SEBI) has barred Future Retail CEO Kishore Biyani, among others, from the securities market for a period of one year for insider trading in the scrip of Future Retail (FRL). The other entities and individuals barred from the securities market are Future Corporate Resources Private Limited (FCRPL), Kishore Biyani s brother Anil Biyani, Rajesh Pathak and Rajkumar Pande.
An investigation found that some of the entities traded in shares of Future Retail on the basis of unpublished price sensitive information (UPSI) violating SEBI norms during the period between March 10 and April 20, 2017.
Future Retail says if HC order is not vacated, it will be ‘disastrous’ for the firm
Updated:
Updated:
February 05, 2021 02:24 IST
HC’s interim order was passed on a plea of Amazon which has invested ₹1,43l crore in FCPL
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HC’s interim order was passed on a plea of Amazon which has invested ₹1,43l crore in FCPL
Future Retail Limited (FRL) on Thursday said if the interim order of the Delhi High Court directing status quo with regard to its assets sale deal with Reliance Retail was not vacated, it would have “disastrous” consequences for the Kishore Biyani-led company.
Future Shares Slump 4.99% After Amazon Gets Interim Relief In Retail Deal Future Retail Stock Price: On Wednesday, Future Retail opened on the BSE at Rs 78.1 and touched an intra day and low of Rs 78.1 and Rs 78.1 respectively
Updated: February 03, 2021 11:43 am IST
Future Group says the deal is critical for the survival of its 1,700 stores and thousands of employees
Shares of Future Retail Limited, the country s second-largest retailer, traded 4.99 per cent down on Wednesday, February 3, a day after Amazon received interim relief from the Delhi High Court in the retail deal. The court has asked Future Retail to maintain its status quo in its deal to sell its retail and wholesale assets to reliance Industries, in a major setback for both firms. On Wednesday, Future Retail opened on the BSE at Rs 78.1 and touched an intra day high and low of Rs 78.1 and Rs 78.1 respectively, in the trading session so far. The stock of Future Retail quoted a 52-week high of Rs 382.55 and a 52
Kishore Biyani barred from securities market for 1 year
By IANS |
Published on
Wed, Feb 3 2021 21:18 IST |
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Mumbai: Kishore Biyani, CEO, Future Group and MD during the launch of Oats brand Kosh as India s third grain in Mumbai on Oct. 17, 2016. . Image Source: IANS News
New Delhi, Feb 3 : The Securities and Exchange Board of India (SEBI) on Wednesday barred Future Retail CEO Kishore Biyani, among others, from the securities market for a period of one year for insider trading in the scrip of Future Retail (FRL).
The other entities and individuals barred from the securities market are Future Corporate Resources Private Limited (FCRPL), Kishore Biyani s brother Anil Biyani, Rajesh Pathak and Rajkumar Pande.
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.