Wednesday, 8 February 2017

NSE names IDFC`s Vikram Limaye as CEO

Ripples Advisory Private Limited, Indore @9303093093

National Stock Exchange (NSE) named Vikram Limaye, the CEO of infrastructure lender IDFC Ltd, as its new chief executive as the country's largest bourse gears up for a much-awaited initial public offering this year. The appointment will have to be approved by market regulator Securities and Exchange Board of India (SEBI), IDFC said in a statement on Wednesday. 

The 50-year old finance industry veteran faces a busy schedule as NSE has filed for an IPO that bankers say could happen towards the middle of the year and raise as much $1 billion, making it potentially India's biggest in six years. 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.

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