SEBI bars Mallya from capital market for 3 years

SEBI bars Mallya from market for three years The Securities and Exchange Board of India (SEBI) has barred Vijay Mallya from the securities market for three years for alleged illegal fund diversion from United Spirits. “Vijay Mallya shall continue to be restrained from accessing the securities market and prohibited from buying, selling or otherwise dealing in securities in any manner whatsoever, either directly/ indirectly for a further period of 3 years,” SEBI ruled in its order.