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SAT stays SEBI order banning Kishore Biyani from markets

Feb 16, 2021 12:31 IST

In a major relief for Future Retail CEO Kishore Biyani, the Securities Appellate Tribunal (SAT) has stayed the SEBI's order restricting him from the securities market. SAT, however, has directed Future Group promoters to deposit ₹11 crore as an interim measure. Earlier this month, the capital market regulator SEBI barred Biyani, among others, from the securities market for a period of one year for insider trading in the scrip of Future Retail.

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