Sebi orders NSE to sell stake in Cams

By Jonathan Breen
14 Feb 2020

India's market regulator has told the NSE to divest its position in Computer Age Management Services (Cams), alleging the stock was acquired without its approval.

The Securities and Exchange Board of India has given the NSE one year to sell its entire 37.5% stake in Cams, according to a letter from Sebi on February 4. The shares, bought in the 2013/14 financial year, are held by NSE Investments. The stock exchange has said ...

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