Sebi's expiry day rule leaves MSEI investors uncertain

NSE had a 3-month rolling market share of 80% in equity options as on 30 April, with BSE having the rest

- Ram Sahgal, T. Surendar & Neha Joshi

Broking firms and their founders who backed Metropolitan Stock Exchange of India (MSEI) are uncertain about the fate of their investments after the market regulator limited the weekly expiry of index options to two days, according to executives at two of the four companies.

But, these investors have no immediate plan to divest stakes in MSEI, the executives said on the condition of anonymity.

Groww's parent Billion-brains Garage Ventures Pvt; Rainmatter Investments, backed by the Kamath brothers of Zerodha; Share India Securities Ltd; and Securocorp Securities India Pvt Ltd had purchased a combined 19.84% stake in the exchange for ₹238 crore on 24 December.