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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 ....

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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 Biyani , Vivek Biyani , Avni Biyani , Gopikishan Biyani , Sunil Biyani , Vijay Biyani , Ashni Kishore Biyani , Sangita Biyani , Kishore Biyani , Laxminarayan Biyani , Noticees Pacs , Corporate Resources Pvt Ltd , Future Corporate Resources Pvt Ltd , Substantial Acquisition , Akar Estate , Surplus Finvest , Retail Trust , Anil Biyani ,