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NSE to move away from non-core business areas: New MD & CEO Chauhan

The NSE MD & CEO made the comments while addressing its investors during the exchange's first-ever quarterly earnings concall

NSE, national stock exchange, nifty50
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The move is seen as rebuilding the trust in the exchange, which has been marred by controversies such as the unfair access to brokers at its co-location facility and corporate governance lapses

Khushboo TiwariSamie Modak Mumbai
The National Stock Exchange of India (NSE) plans to "move away" from non-core business areas to focus on significant opportunities in the capital market ecosystem.

The bourse's new managing director and chief executive officer (MD & CEO), Ashishkumar Chauhan, said, "The non-core businesses contribute 6 per cent to our revenues and 1 per cent to profit. Given this context and acknowledging that there are significant opportunities for mainstay business to grow, it has been contemplated to move away from non-core business areas appropriately."

He made the comments while addressing its investors during NSE's first-ever quarterly earnings concall. Although unlisted, Chauhan