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Latest SAT relief colocation matter to free up Rs 1,000 cr for NSE

Tribunal prunes penalty on bourse from Rs 1,100 cr to just Rs 100 cr; Sebi told to refund excess amount in six weeks along with interest

National Stock exchange, NSE
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While setting aside the disgorgement order, the SAT has reduced the penalty on NSE to just Rs 100 crore for certain lapses on its part.

Khushboo Tiwari Mumbai
The latest relief to the National Stock Exchange (NSE) from the Securities Appellate Tribunal (SAT) in colocation matter is likely to free up over Rs 1,000 crore -- money that the exchange has parked with the Securities and Exchange Board of India (Sebi).

According to the financial results for the quarter ended September 30 (Q2), the NSE had a total amount of Rs  1,108 crore deposited with the markets regulator as a part of the penal action taken by Sebi in 2019.

While setting aside the disgorgement order, the SAT had reduced the penalty on NSE to just Rs 100

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First Published: Jan 24 2023 | 7:15 PM IST

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