Sebi bars Future Group CEO Kishore Biyani from securities market for 1 year – Times of India
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NEW DELHI: The securities and exchange board of India (Sebi) on Wednesday barred Future Group CEO Kishore Biyani from accessing the securities market apparently for a period of one year.
Sebi’s order pertains to a case of alleged insider trading by Biyani between March and April 2017.
The securities market regulator announced its decision after a probe into the use of unpublished price sensitive information to trade in Future Retail.
Sebi stated that Biyani, along with some other parties, is involved in disgorging an amount of over Rs 17.78 lakh.
Sebi’s order pertains to a case of alleged insider trading by Biyani between March and April 2017.
The securities market regulator announced its decision after a probe into the use of unpublished price sensitive information to trade in Future Retail.
Sebi stated that Biyani, along with some other parties, is involved in disgorging an amount of over Rs 17.78 lakh.
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