India’s markets regulator has agreed in principle with National Stock Exchange’s settlement application on unfair market access case, Chairman Tuhin Kanta Pandey said on Thursday.
The Indian government has approved the 2.5% stake dilution and a notification is expected to be issued soon, Pandey said.
India’s biggest bourse and the world’s most active derivatives exchange has been trying to list since 2016. Approval has been delayed by regulatory investigations into its conduct on fair market access for traders via its co-location facilities.
Reuters
