Explained | The SEBI order against NSE, Ravi Narain and Chitra Ramakrishna
Securities and Exchange Board of India has imposed a penalty of ₹1 crore on the National Stock Exchange (NSE) and former senior officials. Below is an attempt to decode the ruling by the capital markets regulator.
SEBI headquarters (Representative image)
The Securities and Exchange Board of India (SEBI) has imposed a penalty of Rs 1 crore on the National Stock Exchange (NSE) and Rs 25 lakh each on former CEOs Ravi Narain and Chitra Ramakrishna in the co-location matter. Below we attempt to connect the dots about the SEBI probe and the order.