IIT prof among new members on NSE board, Mohandas Pai and two others exit

The National Stock Exchange of India (NSE) has inducted S. Sudarshan, professor, IIT Bombay and K Narasimha Murthy, partner of Narasimha Murthy & Co-Cost Accountants, Hyderabad on its board. Both join as public interest directors (PIDs).

Meanwhile, Naved Masood, former secretary in the Ministry of Corporate Affairs and Sebi board member; TV Mohandas Pai, chairman of Manipal Global Education and Dinesh Kanabar, CEO, Dhruva Advisors have ceded their position on the NSE board following end of their tenure.

Currently, the country’s largest bourse has eight board members, which includes four PIDs and three shareholders.

Under Sebi regulations, at least a