NSE had put aside Rs 2,000 crore to deal with the co-location fallout

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

The Securities and Exchange Board of India (Sebi) has asked the country’s largest stock exchange by traded volume, the National Stock Exchange (NSE), to pay over Rs 1,000 crore pertaining to a scandal that allowed some brokers to make money through gaining preferential access to the bourse’s servers.

A look at the NSE’s disclosures shows it had set aside Rs 2,000 crore from its revenues, pending directions from the stock market regulator.

“Sebi has directed that pending completion of the investigation being to Sebi’s satisfaction, all revenues emanating from the co-location facility, including the transaction charges on trades executed through the colocation