NSE Co-location Scam: Sebi fines exchange with Rs 7 cr, imposes Rs 5cr penalty on Chitra Ramkrishna
The Securities Exchange Board of India (SEBI) has imposed a fine of Rs 5-7 crore in dark fiber case on the parties involved in the NSE Co-Location case.
Besides, Way2Wealth brokers PVt Ltd, Anand Subramanian, former Group Operating Officer (GOO) of NSE, and head of business development Ravi Varanasi were fined Rs 5 crore each for their involvement in the case.