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Anugrah Scam: SAT Asks Edelweiss Custodial Services To Reinstate Client Shares Worth Rs460.32 Crore Sold Illegally

While upholding an order passed by the member and core settlement guarantee fund committee (Committee) of NSE Clearing Ltd (NCL), the securities appellate tribunal (SAT) directed Edelweiss Custodial Services Ltd (now known as Nuvama Clearing Services Ltd) to reinstate shares belonging to clients of Anugrah Stock & Broking Pvt Ltd (Anugrah). In 2020, to recover these dues, Edelweiss sold the collaterals worth Rs460.32 crore furnished by Anugrah and applied the proceeds to meet Anugrahs clearing o...
Meera Swarup Justice Tarun Agarwala Global Securities Ltd Edelweiss Custodial Services Nuvama Clearing Vrise Securities Pvt Ltd Clearing Ltd

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Hong Kong exchange picks Chan to be new CEO as challenges mount

:Hong Kong's stock exchange operator named Bonnie Chan as its new CEO on Friday, as it struggles to improve a performance dented by China's economic slowdown and regulatory uncertainties.Currently co-chief operating officer of Hong Kong Exchanges and Clearing Ltd (HKEX), Chan will replace former JP Morgan ban
Hong Kong Nicolas Aguzin Bonnie Chan Laura Cha Clearing Ltd Jp Morgan

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