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NSE declares Anugrah Stock & Broking as defaulter, scraps membership

Anugrah Stock & Broking is the second company to face NSE action this week after the exchange expelled Karvy Stock Broking.

November 27, 2020 / 09:17 AM IST

The National Stock Exchange of India (NSE) has expelled Anugrah Stock & Broking from the exchange after declaring it a defaulter.

Anugrah Stock & Broking has been expelled from the membership of the exchange under Rules 1 and 2 of Chapter IV of the NSEIL Rules and has been declared as defaulter under provision 1 (a) of Chapter XII of Exchange Bye laws w.e.f. November 26, 2020, after the close of market hours, NSE said in a release.

anuraghThe move comes a few days after the National Stock Exchange of India (NSE) scrapped Karvy Stock Broking's membership and declared it a defaulter.
Moneycontrol News
first published: Nov 27, 2020 09:17 am
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