India’s National Stock Exchange names IDFC’s Vikram Limaye as CEO

India’s National Stock Exchange (NSE) named Vikram Limaye, the CEO of infrastructure lender IDFC, as its new chief executive as the country’s largest bourse gears up for a much-awaited initial public offering this year.

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The appointment, which will have to be approved by the market regulator, the Securities and Exchange Board of India (SEBI), and NSE’s shareholders, is for five years, the exchange said in a statement.

Limaye will be the first head of NSE to come from outside the ranks of the exchange’s founding team since it was set up in 1992.Limaye was also appointed by the Supreme Court last month to a four-member committee to oversee the functioning of the Board of Control for Cricket in India.

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