To
All Trading Members of the Exchange
Sub: Order under Sections 11(1), 11(4) and 11B of the Securities and Exchange Board of India Act, 1992. In the matter of Fund Diversions and/or improper transactions in United Spirits Limited
Attention of the trading members is invited to the Exchange Notice No. 20170201-30 dated February 01, 2017 to be read with Exchange Notice No. 20170125-28 dated January 25, 2017, wherein SEBI, vide, its Order no. WTM/SR/CFD-CMD/6/01/2017 dated January 25, 2017, has, inter-alia, restrained the entities Viz., Dr. Vijay Mallya, Ashok Capoor, P.A. Murali, Sowmiyanarayanan, S.N. Prasad, Paramjit Singh Gill and Ainapur S. R. from accessing the securities market and are further prohibited from buying, selling or otherwise dealing in securities in any manner whatsoever, directly or indirectly, till further directions.
SEBI now, vide its aforesaid Order no. WTM/GM/EFD/89/2017-18 dated February 15, 2018 has inter-alia modified the direction of the interim order to the extent as stated below:-
a. The Noticees, namely Shri Paramjeet Singh Gill, Shri Sowmiyanarayanan, Shri S.N. Prasad, Shri Ainapur S.R. and Shri P.A. Murali, may sell / redeem / liquidate the securities held by them as on date, and utilize the proceeds thereof to mitigate their financial constraints.
b. The Noticees shall continue to remain restrained from buying or dealing in securities in any other manner whatsoever, either directly or indirectly, except selling or redeeming as permitted in the Order.
This Order is effective w.e.f. February 15, 2018 and shall remain in force till further directions.
A copy of the said order is attached herewith and also available on the SEBI website www.sebi.gov.in.
Trading members are advised to take note of the same and ensure compliance.
Ena Janvalekar Shaila Valsan
Sr. Manager Manager
Surveillance Surveillance
Date: February 16, 2018
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