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Metropolitan Stock Exchange of India (formerly MCX Stock Exchange) has appointed its interim Managing Director & CEO Udai Kumar as MD & CEO after receiving necessary approvals from securities regulator SEBI.
BusinessLine reported on the possibility of Kumar taking over the helm at the exchange in early December.
The SEBI approval comes after a stringent short-listing process and interviews by the Selection Committee to select a suitable candidate for the role, said the exchange.
A veteran of the capital and financial markets, Kumar has over two decades of rich experience in stock exchange administration, capital markets, fund-raising, restructuring and merger and acquisition functions.
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