Mumbai, July 20 (IANS) The National Stock Exchange of India (NSE) on Thursday said it has filed an application with stock market regulator Sebi for settlement of its co-location issue under the consent process.
"This application has been filed under the settlement regulations of Sebi. Sebi will review the application and get back to NSE on the future course of action," the stock exchange major said in a statement.
"NSE will work with SEBI on early resolution of this matter."
The issue relates to the NSE allowing placement of servers at its building which, it is alleged, gave undue advantage to the beneficiaries.
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.