The National Stock Exchange of India has reached a settlement with the Securities and Exchange Board of India in a case related to storage and alleged illegal outsourcing historical trade data to a third party vendor, according to a statement by the markets regulator. The settlement amount stands at Rs 40.35 crore.
The NSE settlement order comes into force with immediate effect with the regulator not initiating any enforcement action against NSE. The leading bourse has decided to neither accept nor deny any wrongdoings.
This is a developing story.
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