India, April 23 -- If things go forward in the same positive vein, the National Stock Exchange (NSE) may get rid of a sharp Damocles' Sword that has menacingly hung over its head for a decade. According to media reports, the stock market regulator, Sebi, took the first crucial step in the resolution of the cases related to the fraudulent co-location and dark fibre cases. Its high-powered committee recommended a final settlement, which will be considered by a panel of two whole-time members. Last year, NSE offered almost Rs 1,400 crore to settle the matter. Sebi's committee has come up with a higher figure, nearly Rs 1,900 crore, which includes Rs 1,200 crore "towards disgorgement," Rs 380 crore in interest, and the remaining "under other ...
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