NSE POSITION:SEBI, the organization that regulates the stock market, has given a big relief to the National Stock Exchange (NSE). In fact, SEBI has dismissed the charges of regulatory violation against NSE and its seven former employees in the case of 'co-location' facility due to lack of sufficient evidence. These former employees include NSE's former MD Chitra Ramakrishna and Ravi Narayan. Apart from this, SEBI has also dismissed the charges against Anand Subramanian, Ravindra Apte, Umesh Jain, Mahesh Soparkar and Deviprasad Singh.

what did sebi say

SEBI said in its 83-page order that due to lack of sufficient material, evidence or facts on record in this case, collusion or collusion could not be proved in this case. Let us tell you that this case is related to the alleged preferential access to data to some entities in high frequency trading in the case of co-location of servers to traders in the NSE premises. In such a situation, they could place orders before other brokers.

Will the path for IPO be clear?

SEBI has given this relief to NSE at a time when the stock exchange is once again engaged in efforts for IPO. According to media reports, last month NSE has restarted the process of its long-pending IPO. For this, the exchange has again applied for 'no objection' to India's market regulator i.e. SEBI. Now SEBI's latest decision is expected to clear the way for IPO.

Financial position of NSE

India's largest stock exchange NSE reported a 39 percent jump in profit to Rs 2,567 crore during the June quarter. Revenue from operations grew 51 percent year-on-year to Rs 4,510 crore.