NSE sets aside over Rs 4,000 cr of revenues from its co-location operations

Sebi had directed exchange to transfer this income to a bank account pending probe

The National Stock Exchange (NSE) has so far set aside over Rs 4,000 crore of revenues from its co-location operations, following directions from the Securities and Exchange Board of India (Sebi), which has been investigating NSE’s co-location operations for lapses.

Disclosures by NSE shows that as of June 30, 2020, an amount of Rs 4,066.78 crore (Rs 3,606.73 crore as of March 31, 2020) was transferred to a separate bank account and then has been invested in accordance with Board of directors approved investment policy and procedures.

The market watchdog had directed that pending completion of the investigations, all revenues