Kishore Biyani moves SAT against Sebi order barring him from securities market
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Mumbai, Feb. 5 -- Future Group founder Kishore Biyani has moved the Securities Appellate Tribunal (SAT), challenging an order issued by the Securities and Exchange Board of India (Sebi) that barred him from accessing securities market for one year.
On 3 February, Sebi had barred Future Group founder Kishore Biyani and several related entities from accessing the securities market for breach of insider trading rules dating back to 2017.
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Biyani has also been barred from transacting in securities of Future Retail for two years. The regulator said it reached the decision after a probe into the 2017 case pertaining to the use of unpublished price-sensitive information to trade in Future Retail sh...
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