NSE settles pending Sebi cases for nearly Rs 1,500 crore
The National Stock Exchange has settled past regulatory lapses with Sebi for Rs 1,491 crore. This settlement resolves issues related to co-location and dark-fibre cases involving former officials. Sebi has accepted revised settlement terms, demanding an additional payment from the exchange. The NSE had previously proposed settling these cases for a combined amount. This development clears the path for the National Stock Exchange's initial public offering.
The National Stock Exchange has settled past regulatory lapses with Sebi for Rs 1,491 crore. This settlement resolves issues related to co-location and dark-fibre cases involving former officials. Sebi has accepted revised settlement terms, demanding an additional payment from the exchange. The NSE had previously proposed settling these cases for a combined amount. This development clears the path for the National Stock Exchange's initial public offering.
