Kishore Biyani barred from accessing securities market for a year

The Securities and Exchange Board of India (Sebi) on Wednesday barred Future Group CEO Kishore Biyani from accessing securities market for a period of one year.

Biyani won’t be allowed to buy, sell or deal in securities of

for two years.

Sebi said that it reached the decision on Biyani after probe into use of unpublished price sensitive information to trade in Future Retail.

The market regulator said that Biyani and some other parties were involved to disgorge Rs 177.8 million.