India: NSE writes to finance ministry on listing stand-off

India: NSE writes to finance ministry on listing stand-off

The Bombay Stock Exchange. Photo: Hemant Mishra/Mint

The National Stock Exchange of India (NSE) Ltd has written to the finance ministry, bypassing the capital markets regulator, raising concerns over the norms for listing of exchanges, according to two people familiar with the development. The letter also dwells on the issue of foreign shareholding in exchanges, they said, requesting anonymity.

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