Current CEO Limaye not part of new chief executive's selection process: NSE

ANI
11 May 2022, 16:25 GMT+10

Mumbai (Maharashtra) [India], May 11 (ANI): The National Stock Exchange (NSE), the country's largest stock exchange, has said its current CEOMD Vikram Limaye is not involved in the selection process of his successor.

"Vikram Limaye recused himself from the very beginning and was not involved in any way in the discussions surrounding candidates or at any stage in the process of selection of new MDCEO," the NSE said in a tweet on Tuesday night.

The five-year term of Limaye as chief executive officer and managing director of the NSE ends on July 16. Limaye joined as top executive of the NSE in July 2017 after Chitra Ramkrishna resigned from the position without completing her term.

Though Limaye is eligible for another five-year term, he has opted out. "I have informed the board that I am not interested in pursuing a second term and will therefore not be applying and participating in the process that is underway. My tenor ends on July 16, 2022," Limaye had said in a statement in March.

In March 2022, NSE invited applications for the post of MDCEO.

According to sources, the NSE has shortlisted candidates and submitted the names to the Securities and Exchange Board of India (SEBI) for approval. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Professional Autos.

More Information

null in null

Business

Section

Engine defect prompts Nissan to recall over 443,000 vehicles

FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...

Microsoft trims jobs to manage soaring AI infrastructure costs

REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...

Stocks worldwide struggle to make ground Friday with Wall Street closed

LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...

Nvidia briefly tops Apple’s record in AI-fueled stock rally

SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...

ICE raids leave crops rotting in California, farmers fear collapse

SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...

Trump signals progress on India Trade, criticizes Japan stance

WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...

Engineering

Section

"Wanted to revive AJL, no rent enjoyed by Young Indian": Rahul Gandhi's counsel tells Delhi court in National Herald case

New Delhi [India], July 5 (ANI): Young Indian was created to revive Associated Journal Limited (AJL) and not to earn rent, Congress...