NSE's revenues from its frozen co-location facility climb to Rs 9.45 bn

The National Stock Exchange of India’s (NSE’s) revenues from its co-location facility, frozen into a separate bank account, have climbed to Rs 9.45 billion. The exchange will not be able to access these funds till the time an investigation into wrongdoings at its co-location facility are completed.  

In September 2016, market regulator Securities and Exchange Board of India (Sebi) directed the NSE to park revenue generated from its co-location business into a separate bank account till the matter was settled. More than a fourth of the NSE’s revenues are garnered from the co-location business. 

“Till date, an amount of