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SEBI has passed an order enabling the exit of Inter-Connected Stock Exchange of India (ISE) with immediate effect. The recognition of ISE was last renewed by SEBI for a period of one year from November 18, 2013.
SEBI had said that stock exchanges with an annual trading turnover of less than ₹1,000 crore could apply for voluntary surrender of recognition and exit before the expiry of two years from the date of the circular.
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