SEBI bars Kishore Biyani from securities market for 1 year for insider trading IANS
New Delhi: The Securities and Exchange Board of India (SEBI) 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.
An investigation found that some of the entities traded in shares of Future Retail on the basis of unpublished price sensitive information (UPSI) violating SEBI norms during the period between March 10 and April 20, 2017.
SEBI bars Kishore Biyani from accessing securities market for 1 year
Sebi s order came in relation to an investigation in use of unpublished price sensitive information to trade in shares of FRL in 2017.
BusinessToday.In | February 3, 2021 | Updated 21:27 IST
SEBI has also restrained Biyani from buying, selling or dealing in the securities of Future Retail Limited (FRL), directly or indirectly, in any manner whatsoever, for a period of 2 years.
Markets regulator SEBI on Wednesday barred Future Group CEO Kishore Biyani from accessing securities market for a period of 1 year.
The Securities and Exchange Board of India (SEBI) also restrained Biyani from buying, selling or dealing in the securities of Future Retail Limited (FRL), directly or indirectly, in any manner whatsoever, for a period of 2 years.
Willing to support Future Retail during financial challenges: Amazon
By IANS |
Published on
Wed, Feb 3 2021 23:18 IST |
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Delhi HC refuses to restrain Amazon, says suit filed by Future Retail maintainable. Image Source: IANS News
New Delhi, Feb 3 : E-commerce major Amazon said on Wednesday that it continues to be willing to support Future Retail Limited (FRL). The statement by Amazon assumes significance after there were reports that Amazon did not come to the rescue of Future Retail during the financial difficulties it faced during the Covid crisis. Contrary to reports carried in a section of the media, Amazon has not only been committed to an early resolution of the dispute with Future, but continues to be willing to support FRL even during the temporary financial challenges posed by Covid, Amazon said in a statement.