Business Standard

Sebi's co-location order delays announcement of NSE's FY19 results

The NSE board will approve FY19 financial statement after legal view on the case

NSE
Premium

Samie Modak Mumbai
The National Stock Exchange (NSE) had to defer the announcement of its 2018-19 financial result after the markets regulator imposed a hefty penalty on the bourse in the co-location (colo) case. 

The NSE’s board was to approve on Friday the annual financial statement for the year ended March 31, 2019, but it decided to defer the matter till its legal team firmed up a view on the Securities and Exchange Board of India's (Sebi's) order, sources said.

On Tuesday, Sebi directed the NSE to pay over Rs 1,000 crore for lapses at its colo facility that allowed unfair access to

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in