The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 ( <b>Insider Trading Regulations</b> ) prohibit trading in listed securities when in possession of unpublished.
Kishore Biyani; Future Group Kishore Biyani Gets Relief from Securities Appellate Tribunal (SAT) | सैट से किशोर बियानी को राहत, सेबी ने लगाया था एक साल का बैन bhaskar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bhaskar.com Daily Mail and Mail on Sunday newspapers.
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SEBI Bans Future CEO From Securities Market In Insider Trading Case
SEBI also barred Biyani from trading in Future Retail shares for two years. Future Corporate Resources and the two Biyani brothers will each need to pay a penalty of 10 million rupees ($137,099) within 45 days
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India s market regulator on Wednesday barred Future Group Chief Executive Kishore Biyani and his brother Anil from accessing the securities market for a year after investigating insider trading in shares of its retail firm Future Retail in 2017.
The Securities and Exchange Board of India (SEBI) said the two brothers traded in shares of Future Retail through a group company on the basis of unpublished price-sensitive information before a demerger of certain businesses of Future Retail that pushed its share price higher.
Insider Trading: SEBI order banning Kishore Biyani from securities market, explained
What were the wrongdoings that the investigation by India’s capital market regulator revealed and how did it establish the alleged charges against Kishore Biyani and Future Group entities? The big questions answered below.
File image: Future Group Chairman Kishore Biyani
The Securities and Exchange Board of India (SEBI) has barred Future Group founder Kishore Biyani and his brother Anil along with a few other individuals from the securities market for one year. India’s capital markets regulator also banned them from trading in the shares of Future Retail for two years after an investigation found insider trading in shares of Future Retail in 2017. What were the wrongdoings that the SEBI probe revealed and how did it establish the alleged charges? Below is an attempt to answer the vital questions on the SEBI order issued on February 3.
SEBI bans Future CEO Kishore Biyani from securities market in insider trading case orissapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from orissapost.com Daily Mail and Mail on Sunday newspapers.