Sebi has given approval to the appointment of Vijay Kumar as Managing Director and CEO of the country’s largest agri-commodity bourse NCDEX.

Kumar will likely take charge of his position from the next week. He was former chief business officer at NCDEX. He has been selected for the post of MD and CEO by the exchange’s selection committee, from a list of 11 candidates.

Samir Shah, outgoing MD and CEO of NCDEX stated, “Last Friday, the Sebi gave approval for Vijay Kumar’s appointment as MD and CEO of the exchange.”

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