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  • CCI Penalizes National Stock Exchange with Rs 55.5 crore

    June 25th, 2011 by

    The Competition Commission (CCI) has asked the National Stock Exchange (NSE) to pay Rs 55.5 crore fine within 30 days and has also stopped subsidizing its services, with immediate effect. As stated by Competition Panel in its order, “The NSE had clear intention to eliminate rivals from the relevant marketplace.” Accordingly, the CCI has penalized NSE, which is 5 per cent of its three-year average turnover.

    Published on June 25, 2011 · Filed under: Stocks; Tagged as: ,
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