But nothing beyond that. We did one comprehensive review of all aspects of the organisation. Was there anything specific pertaining to decisions taken by Subramanian? No, no such thing was done. Business, technology, regulatory did not report into him. Only HR, admin, premises were reporting into him, which was covered under the organisation-wide process and controls review anyway. There were issues with respect to client-code modification that Sebi had raised.
Has NSE conducted any audit of those transactions to check if there was any intentional wrongdoing? The client-code modification issues have been fixed in discussions with CBDT when we applied for the commodities licence. We have not gone back to re-open client code modifications of the past.
NSE was not raising money for capital needs. Foreign investors have offloaded shares over the past two years. Have you been able to give them a roadmap? We are in regular contact with shareholders. They have also been engaging separately with the regulator and the government to get clarity on the listing.
But there is no clarity yet. We have no idea. Sebi or the ministry have not provided any definitive clarity on when we can go public. Has that money now flown back to NSE? Rs 6, crore was not the disgorged amount. At one point in time, it was agreed with Sebi that NSE will put all Colo revenues into a separate bank account; this was not required which is why we had represented saying that we have already transferred the penalty and interest on account of Colo, which was north of Rs 1, crore.
Over 6. The IPO was available for public subscription from May , and got subscribed 1. The company is one of the largest manufacturers of non-urea-based fertilizers and has competitive advantages in terms of backward integration and location. However, the company is operating in a highly regulated industry, with a very high dependency on the agriculture sector; the business is subject to climatic conditions and is cyclical in nature.
Nevertheless, the issue was reasonably priced and interested investors may accumulate the shares post listing for the long term. Those who applied for listing gains can maintain a stop loss of Rs Must Read. Premium Supreme Court directions on sex workers: history of the case, and where i
RateGain Travel Technologies' shares are expected to list on the bourses tomorrow on Friday, December 17 at a healthy premium. Tega Industries' shares will be listed on the national stock exchange as well as Bombay stock exchange on Monday, December Shares of beauty start-up Nykaa made a blockbuster debut on Wednesday with its market capitalisation crossing Rs 1 lakh crore. On the BSE, Nykaa shares op The comments come within a month of NSE chief executive Vikram Limaye having said that the stock exchange intends to launch its initial public offering IPO by September.
Bids can be placed for a minimum of 84 equity shares and in multiples of 84 shares thereafter. That marked a subscription of per cent. By am, bids for 2,17 crore shares were received out of the total 2. NSE has a fully-integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings.
Globally, NSE is ranked first among exchanges in terms of stock index option and currency option trading volumes in , according to WFE. NSE is also ranked second among exchanges globally in terms of single stock future contracts trading volume and currency future contracts trading volume in NSE began operations in and has ranked as the largest stock exchange in India in terms of total turnover and average daily turnover ADT , for equity shares every year since There were 1, companies with a combined market capitalization of INR,, Trading in the cash market represented 5.
The derivatives market offers trading in various forms of derivatives, such as futures and options on stocks and domestic and global indices, currency futures and options and interest rate futures. Trading in derivatives represented Click on this link to get allotment status. Save my name, email, and website in this browser for the next time I comment.
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Among India's pride, the National Stock Exchange (NSE) has been in the thick of controversy over misgovernance and suspected political patronage. MUMBAI: Vikram Limaye, the chief executive officer (CEO) of the National Stock Exchange of India (NSE), has decided against seeking another. NSE MD and CEO Vikram Limaye said the IPO was aimed at offering liquidity to shareholders and not for raising money for capital requirements.