New Delhi: Market controller Securities and Exchange Board of India (Sebi) on Friday requested that stealing away business big shot Vijay Mallya might keep on being limited from getting to the securities showcase for a further three years.
As indicated by a Sebi arrange in “the matter of store redirections or potentially uncalled for exchanges in United Spirits”, Mallya has additionally been controlled from holding position “as Director or Key Managerial Person of a recorded organization for a time of five years”.
“Vijay Mallya should keep on being limited from getting to the securities showcase and denied from purchasing, offering or generally managing in securities in any way at all, either specifically/by implication for a further time of 3 years from the date of this request, holding position as executive or key administrative individual of a recorded organization for a time of five years from the date of this request,” SEBI arrange said.
