18
Sep
New Delhi (Rajeev Sharma): The Supreme Court has approved the settlement reached between the Securities and Exchange Board of India (SEBI) and the National Stock Exchange (NSE) in connection with regulatory proceedings arising from the co-location and dark-fibre matters. As part of the settlement under SEBI’s consent mechanism, the NSE has paid ₹1,491.21 crore. The payment follows proceedings that had remained pending for several years. The settlement brings the regulatory proceedings concerning the two matters to a close. With the agreement receiving the Supreme Court’s approval, the cases pending before the court in relation to the proceedings have also been…
