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Finance veteran Vikram Limaye to take over as NSE CEO on Monday

Reuters  |  MUMBAI 

(Reuters) - Vikram Limaye, former head of infrastructure lender Ltd, will take over as the next managing director and chief executive of the (NSE) on Monday, the country's largest bourse said.

Market regulator Securities and Exchange Board on (SEBI) had approved his appointment last month, subject to his resignation from a Supreme Court-appointed cricket committee.

was relieved of his duties as part of the committee on Friday, the exchange said in a short statement.

The 50-year-old industry veteran takes over at a time when NSE's up to $1 billion IPO has been delayed over regulatory scrutiny into whether it had provided some brokers unfair access to its servers.

The bourse was also hit by a nearly five-hour trading disruption last week.

will be the first head of to come from outside the ranks of the exchange's founding team since it was set up in 1992.

(Reporting by Abhirup Roy; Editing by Sherry Jacob-Phillips)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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