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Why Sebi rejected NSE shareholder directors?

BCCL

Sebi has told NSE that it should not nominate Abhay Havaldar, former director of General Atlantic, and Prakash Parthasarathy, former chief investment officer of Premji Invest, on the exchange’s board for another term.

Synopsis

Markets regulator has told the stock exchange that it should not nominate Abhay Havaldar and Prakash Parthasarathy for another term; both have been on NSE’s board since 2012

Mumbai: The Securities and Exchange Board of India (Sebi) has rejected the reappointment of two long-time shareholder directors on the board of the National Stock Exchange (NSE), said people privy to the development.Sebi has told NSE that it should not nominate Abhay Havaldar, former director of General Atlantic, and Prakash Parthasarathy, former chief investment officer of Premji Invest, on the exchange’s board for another term.According to

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