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The Times of India
The Times of India
Business
PTI

Sebi fines Rs 11 crore on NSE, 7 others in algo trade software case

NSE SEBI Ajay Shah Chitra Ramkrishna Ravi Narain National Stock Exchange New Delhi

NEW DELHI: Capital markets regulator regulator Sebi on Thursday imposed penalties totalling Rs 11 crore on 8 entities, including National Stock Exchange (NSE) and its former chiefs Chitra Ramkrishna and Ravi Narain, in a case pertaining to software related to algorithmic trading.

The regulator has levied a fine of Rs 1 crore each on NSE, Ramkrishna and Narain. Also, a fine of Rs 1 crore has been imposed on Suprabhat Lal, who was a NSE official at the time of violation.

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