NSE, CEO Vikram Limaye, and others settle Sebi's TAP misuse case for ₹643 crore, allowing NSE's IPO.

The National Stock Exchange (NSE), its former CEO Vikram Limaye, and eight others have settled a case with India's Securities and Exchange Board (Sebi) regarding alleged misuse of the Trading Access Point (TAP) system by brokers. They agreed to pay ₹643 crore, marking the largest settlement amount by Sebi. This resolution allows NSE to move forward with its initial public offering (IPO) after Sebi's investigation into the TAP system and NSE's response.

October 04, 2024
12 Articles

Further Reading