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Current Chief Vikram Limaye is not part of the New Leader Selection Process: NSE -by Ecork

Vikram Limaye’s five-year term ends on July 16th.

Mumbai:

The National Stock Exchange (NSE), the country’s largest stock exchange, has said that its current CEO & MD Vikram Limaye is not involved in the selection process of his successor.

“Vikram Limaye resigned from the start and was not involved in any way in the candidates’ local discussions or at any stage in the selection process of the new MD & CEO,” NSE said in a tweet on Tuesday night.

Limaye’s five-year tenure as executive director and managing director of the NSE ended on July 16. Limaye joined as the top executive of the NSE in July 2017 after Chitra Ramkrishna resigned without ending her term.

Although Limaye deserved another five-year term, he was eliminated. “I have told the council that I do not wish to follow a second term and will not apply and participate in the ongoing process. My term expires on July 16, 2022,” Limaye said in a statement in March.

In March 2022, the NSE invited applications for the post of MD & Coordinator.

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

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