“Sebi has reasonable grounds to believe that the disclosure of financial information and the business transactions in the matter of Future Retail, have been dealt with in a manner which may be detrimental to the interest of the investors or the securities markets and/or an intermediary or a person associated with the securities market may have violated the provisions of Sebi Act,” it said in the letter.

Future Consumer and Future Enterprises on Thursday disclosed to the exchanges about the directive from the market regulator to Future Retail. Chartered Accountants Chokshi & Chokshi have been appointed as forensic auditor.

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