What you need to know about the NSE co-location issue

Sebi directed the National Stock Exchange to disgorge Rs 625 crore, along with interest at 12 per cent per annum since 2014, for lapses at its co-location facility

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1 min read Last Updated : Jan 30 2020 | 9:13 AM IST

The stock market regulator has asked India’s largest stock exchange by traded volume NSE to pay over Rs 1000 crore over a scandal which allowed some brokers to make money through gaining preferential access to the stock exchange servers.

A look at the exchange disclosures shows that it has provided for nearly Rs 2000 crore as provisions, pending directions from the Securities and Exchange Board of India (Sebi).

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