New Delhi, May 01 : A day after SEBI passed orders against it in the co-location case, National Stock Exchange said on May 1 the orders do not affect its functioning as a recognised stock exchange.
The markets regulator on April 30 directed the bourse to disgorge profits worth over Rs 687 crore along with interest besides barring it from launching any new derivative products as well as from accessing the securities market directly or indirectly for six months.
Together with interest, the total disgorgement amount would be more than Rs 1,000 crore. “Normal trading on NSE in all segments will continue from Thursday, May 2, 2019. Wednesday, May 1, 2019 is a trading holiday on account of May Day,” the bourse said in a statement.
