New Delhi (13.02.2022): Why now? - is the question being asked about the latest SEBI action against former NSE boss Chitra Ramakrishnan and her hand-picked favorites as well as against Reliance Home Finance Ltd (RHFL), since her acts of omissions and commissions were busted way back in 2016, while RHFL's insidious manipulations were detected in 2018. Stock market participants believe that the well-known scandal about NSE (which is one of the three largest exchanges in the world) governance couldn't have been kept under wraps as the government unveiled its plans to divest five percent of its shares in the LIC through an IPO that is billed to be the biggest of 2022, if not the biggest of the third decade of the 21st century. Market participants in fact were calling for a decisive action to boost their confidence in the transparent functioning of the NSE before putting in their money in the LIC IPO. It was in this background, it is pointed out, that a big bull had called on the top authority of present dispensation at Centre some time ago and briefed about the market situation. Then the next thing happened: the SEBI was instructed not to sit on the NSE governance issue any longer and do whatever was required to boost investors' confidence in the transparent functioning of the NSE. And the rest of the story followed. ALSO, READ A FEW TWEETS: World's biggest scam: NSE was run by "Himalayan Yogi" (CLICK)
NSE cleanup necessitated by LIC IPO
By By Rakesh Ranjan - 2022-02-13 09:00:00
New Delhi (13.02.2022): Why now? - is the question being asked about the latest SEBI action against former NSE boss Chitra Ramakrishnan and her hand-picked favorites as well as against Reliance Home Finance Ltd (RHFL), since her acts of omissions and commissions were busted way back in 2016, while RHFL's insidious manipulations were detected in 2018.
Stock market participants believe that the well-known scandal about NSE (which is one of the three largest exchanges in the world) governance couldn't have been kept under wraps as the government unveiled its plans to divest five percent of its shares in the LIC through an IPO that is billed to be the biggest of 2022, if not the biggest of the third decade of the 21st century.
Market participants in fact were calling for a decisive action to boost their confidence in the transparent functioning of the NSE before putting in their money in the LIC IPO.
It was in this background, it is pointed out, that a big bull had called on the top authority of present dispensation at Centre some time ago and briefed about the market situation.
Then the next thing happened: the SEBI was instructed not to sit on the NSE governance issue any longer and do whatever was required to boost investors' confidence in the transparent functioning of the NSE. And the rest of the story followed.
ALSO, READ A FEW TWEETS:
World's biggest scam: NSE was run by "Himalayan Yogi" (CLICK)
