Sebi not averse to the merger of exchanges, says Chairman Ajay Tyagi

The comments come amid reports of merger talks between NSE and largest commodity bourse Multi Commodity Exchange (MCX)

Securities and Exchange Board of India (Sebi) chairman Ajay Tyagi on Wednesday said the regulator was not against the merger of exchanges.
 
Speaking on the sidelines of an event organised by Associated Chambers of Commerce and Industry of India (Assocham), he said, “More players are required, but if the economics determine there should be a consolidation, then so be it.”
 
The comments come amid reports of merger talks between the country’s largest equity bourse, the National Stock Exchange (NSE) and the largest commodity bourse Multi Commodity Exchange.
 
Tyagi confirmed that Sebi had served the second show-cause notice