NSE names IDFC’s Vikram Limaye as CMD

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Mumbai: India’s National Stock Exchange Ltd(NSE) named Vikram Limaye, CEO of IDFC Ltd, as its new chief executive and managing director, the infrastructure financier said on Wednesday.

The country’s largest bourse is gearing up for its much-awaited initial public offering this year.

The appointment will have to be approved by market regulator Securities and Exchange Board of India (Sebi), IDFC said in a statement.