The National Stock Exchange (NSE) said its current chief executive (CEO) and managing director (MD) Vikram Limaye was not involved in the process of selecting his successor.

Taking to Twitter, the exchange said: “Vikram Limaye recused himself from the start and was not involved in any way in the discussions surrounding the candidates or at any stage of the process of selecting the new CEO and CEO.”

NSE tweeted in response to another tweet which read, “Current NSE CEO Vikram Limaye has strongly opposed the current BSE CEO being on the shortlist due to personal rivalries.”

The five-year term of current NSE chief executive Vikram Limaye ends in July.

Limaye joined the senior management of the NSE in July 2017 after Chitra Ramkrishna resigned from his post without completing his term.

Although Limaye is eligible for another five-year term, he stepped down. “I have informed the board that I am not interested in a second term and therefore will not apply or participate in the ongoing process. My term ends on July 16, 2022,” Limaye said in a statement. a press release in March.

In March this year, NSE launched a call for applications for the position of MD & CEO.

In a newspaper advertisement, the NSE specified that candidates should have more than 25 years of professional experience and a “record of strong corporate governance”.

The new CEO is also expected to lead the exchange’s plan to launch an initial public offering (IPO).

“Exposure to operating a publicly traded company or having led an organization through an ‘initial public offering’ process will be an advantage,” the job description reads.

According to reports, the NSE has shortlisted candidates and submitted the names to the Securities and Exchange Board of India (SEBI) for approval.

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