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Stories

NSE co-location and dark fibre case settlement

Still running. 2 entries so far, over 35 days from 1 August 2026.

01
1 August

NSE co-location case settlement

  • The National Stock Exchange of India (NSE) has reached a settlement with the Securities and Exchange Board of India (SEBI) regarding the co-location and dark fibre cases.
  • The total settlement amount agreed upon is ₹1,491.21 crore.
  • NSE has completed the payment of the total settlement amount, with the final installment being ₹714.74 crore.
  • A previous amount of ₹776.47 crore had already been deposited by the NSE with the regulator.
  • The settlement follows the receipt of in-principle approval from SEBI for the revised settlement terms.
02
4 September

Supreme Court disposes of SEBI appeals against NSE

  • The Supreme Court disposed of SEBI's appeals against the National Stock Exchange (NSE) regarding the co-location and dark fibre cases.
  • The disposal follows a settlement agreement between SEBI and NSE totaling approximately ₹1,500 crore.
  • The settlement amount comprises ₹1,224 crore for the co-location case and ₹268 crore for the dark fibre (leased-line connectivity) case.
  • The cases originated from 2015 whistle-blower allegations regarding preferential access to NSE trading systems for certain brokers.
  • The settlement resolves regulatory hurdles that had previously delayed the NSE's proposed initial public offering (IPO).
  • The NSE's upcoming IPO is projected to raise approximately ₹30,000 crore, potentially becoming one of the largest in Indian capital market history.

Questions from this story

Newest first. A story that ran for 35 days is exactly the kind the mains paper asks about as one question.

  1. Discuss the role of the Securities and Exchange Board of India (SEBI) in maintaining market integrity and the significance of settlement mechanisms in resolving regulatory disputes. 150 words · 4 September
  2. Discuss the role of SEBI as a market regulator in ensuring fair play and transparency in the Indian stock market through the mechanism of consent settlements. 150 words · 1 August