After Sebi order, foreign investors urge NSE not to challenge penalty

Some foreign investors in India's National Stock Exchange (NSE), which the market regulator has slapped with a steep fine and a six-month ban from public fundraising, are urging the bourse not to challenge the penalty and focus instead on a long-awaited initial public offering.

The Securities and Exchange Board of India (SEBI) on Tuesday ordered the country's largest stock exchange to pay about $100 million, plus interest, after finding it had failed to ensure all brokers had equal access to its network servers. NSE said.....

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