Market regulator Sebi has rapped on the knuckles of NSE in the co-location case in its order which was released last evening, the regulator has observed that the exchange did not exercise the requisite due diligence. Therefore, the Sebi directed that NSE to 'disgorge' Rs 625 crore with 12 percent interest from April, 2014. Vaneesa Agrawal, founder of Thinking Legal & former official of Sebi shared her views and readings on the case.
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