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NSE colocation case: Sebi exonerates Ravi Narain, 8 other current, former officials of the exchange

Updated : January 17, 2020 06:08 AM IST

The order came after an investigation by the Sebi against several former and current NSE employees and stock brokers in the co-location case.
Sebi, in its order, said none of the nine officials was occupying a post of director and/or key managerial position at the exchange during the relevant period--April-July 2015.
Allegation was that NSE had not acted in a fair and equitable manner while dealing with its members and these nine officials were allegedly employed at top positions of the exchange during the period.
NSE colocation case: Sebi exonerates Ravi Narain, 8 other current, former officials of the exchange
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