NISM's Rs 325-cr facility to be ready by December

The National Institute of Securities Management (NISM), established by the Securities and Exchange Board of India (Sebi) for providing education in the field of finance, on Friday said its new facility, spread across 70 acres on the outskirts of Mumbai, would be inaugurated by December. The centre is being built at a cost of Rs 325 crore, of which Rs 225 crore will be provided by the markets regulator; the rest will come from the private sector. "We don't want to make NISM a captive organisation. We would like more and more people from industry to come in…the private sector will be involved not only in availing of the facility, it will also have a role in the management of the facility," Sebi Chairman UK Sinha said at a conclave on financial markets at NISM's coming campus at Patalganga, 70 km from Mumbai.