Indian Stocks Regulator Gets Record Settlement Offer from NSE
The National Stock Exchange of India Ltd. has applied to the regulator to settle a legal dispute by paying a record amount of nearly 14 billion rupees ($163 million), according to people familiar with the matter, potentially removing a key hurdle toward its public listing.
The formal settlement offer will now be discussed by an internal panel at the Securities and Exchange Board of India before being passed to senior authorities for approval, the people said, asking not to be identified as the discussions are private.
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