NSE reduces cash derivatives transaction charges by 1%

New Delhi: The National Stock Exchange has announced a reduction of 1% in transaction charges for trades in cash and derivatives segments both from 1st April 2024. The annual revenue estimates of transaction fees are supposed to impact by around Rs 130 crores. The board has also declared to leave non-core industries including technology and education.

More than sixty parties are involved in the divested process with seven of them submitting non-binding bids. Currently, the transaction charge in the equity delivery or cash segment stands at 0.00325 percent, while in derivatives it is 0.0019 percent.

The decision was followed by NSE’s corrigendum in March 2023 to step out a 6% hike in transaction charges on the equity cash and derivatives segment.

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Meanwhile, NSEIT Limited, a wholly owned subsidiary is set to sell its digital technology business, including its subsidiaries NSEIT US, Aujas Cybersecurity Limited, and CXIO Technologies Limited, to Investcorp for an agreed value of Rs 1,000 crore. The Enterprise value is estimated to range around Rs 425 crore to Rs 475 crore.

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According to the NSE’s circular release, since it is a business segment and not a distinct entity within NSEIT Standalone, the disinvestment process will be taken forward through a slump sale.

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