![]() Many contended that the NSE chief was trying to exploit the fact that Delhi is the biggest political backer of Sheikh Hasina’s government in Dhaka. But the commission’s decision triggered strong reactions among the DSE board members and market observers. Initially, Limaye’s negotiations seemed to work as the commission had instructed the DSE to revisit the tender process. He spoke with officials from both the DSE and BSEC and emphasized NSE’s experience with stock exchange development. In February, the CEO of the NSE, visited Dhaka to make his case. ![]() Realizing the DSE board tiled in favor of the Chinese bid, India resorted to diplomacy. Vikram Limaye, managing director and chief executive officer of the National Stock Exchange of India.
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