The Securities and Exchange Board of India (SEBI) has given conditional approval to the appointment of Vikram Limaye as the managing director and chief executive officer of the National Stock Exchange (NSE).
NSE has been without a full-time chief for the past six months since Chitra Ramkrishna resigned on December 2. Incidentally, NSE’s board had approved Mr. Limaye’s appointment in February and was waiting for the regulatory nod.Approving the appointment, SEBI said Mr. Limaye can take up the role at NSE only after he is relieved of his assignment at the Board of Control for Cricket in India’s (BCCI) Committee of Administrators (CoA).
“SEBI has approved the appointment of Mr.Vikram Limaye as the MD and CEO of the NSE Limited, subject inter alia to his being relieved from his BCCI (CoA) assignment. The appointment will take effect from the date of joining,” NSE said on Friday.
