Investor forum to seek legal action against NSEL

In a fresh twist to NSEL imbroglio,an investor forum on Tuesday demanded change in the ownership of the bourse.

Written by Press Trust Of India | Published: August 14, 2013 2:52 am

Mumbai: In a fresh twist to NSEL imbroglio,an investor forum on Tuesday demanded change in the ownership of the bourse. AnandRathi chairman Anand Rathi,who is part of NSEL Investor Forum,said: “We want firm assurance from the government or the regulator (FMC) along with NSEL to pay 5 per cent weekly instalment of Rs 5,500 crore. If this commitment is given by tomorrow,we will accept,otherwise we will go to the court.” NSEL MD and CEO Anjani Sinha said the platform has been used by industry participants satisfactorily for 3 years,and now holding the promoter exclusively responsible is inappropriate.

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