Sebi imposes Rs 6 crore fine on NSE

The Securities and Exchange Board of India (Sebi) has slapped a penalty of Rs 60000000 on the National Stock Exchange (NSE) for investing in six companies unrelated or non-incidental to the stock exchange business without approval from the capital markets regulator. The exchange invested in Power Exchange India (PXIL), Computer Age Management Systems (CAMS), NSEIT, NSDL E-Governance Infrastructure (NEIL), Market Simplified India (MSIL) and Receivables Exchange of India (RXIL). The NSE held 25-100% stakes in these entities through its subsidiary NSE Investments without the Sebi approval as of September.