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Sebi keeps NSE's consent petition on hold in the co-location case

Regulator will take a call on consent plea only after final judgment by the Madras High Court on writ petition filed against exchange

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The private sector and non-financial entities constitute only 20 per cent of the total issuances, with the remaining being state-owned firms

Shrimi Choudhary New Delhi

Last Updated : Jan 11 2019 | 7:23 AM IST

Capital markets regulator Securities and Exchange Board of India (Sebi) has kept the National Stock Exchange’s (NSE’s) consent plea on hold in the co-location (colo) case, until the Madras High Court (HC) decides on the writ petition filed against the exchange and others in the matter, said two persons privy to the development. NSE filed its second consent application with Sebi in October to settle the matter, after its first settlement plea was returned by the regulator in 2017.

In August, the Madras HC issued a notice to Sebi on a writ petition filed by a lawyer, seeking appropriate action

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