The record
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- The Supreme Court disposed of SEBI's appeals against the NSE in the co-location and dark fibre cases after the exchange settled with the regulator for about ₹1,492 crore.
- The appeals challenged Securities Appellate Tribunal orders that had set aside SEBI's directions for NSE to disgorge ₹625 crore in the co-location case and ₹62.6 crore in the dark fibre case.
- The cases arose from allegations that certain brokers received preferential access to NSE's trading systems, first flagged by a whistle-blower complaint in January 2015.
- The settlement comes as NSE prepares for an IPO expected to raise around ₹30,000 crore, one of the largest in India's capital market history.
What to watch next
- Progress of NSE's IPO plans, which had earlier faced prolonged regulatory hurdles
- Whether the settlement amount of about ₹1,492 crore is paid and any related regulatory follow-through
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Named India · Bombay Stock Exchange · National Stock Exchange · JB Pardiwala · K. Vinod Chandran · Securities and Exchange Board of India · Securities Appellate Tribunal · Supreme Court
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