WEB DESK
Former bureaucrat Ashok Chawla Friday evening resigned as chairman of the National Stock Exchange with immediate effect, the bourse said, hours after the CBI said the Centre has granted sanction to prosecute him in the Aircel-Maxis case.
“Mr. Ashok Chawla has resigned as Public Interest Director/Chairman of the Board of Directors of the National Stock Exchange of India Ltd (NSE) with immediate effect in light of recent legal developments,” NSE said in a statement.
The exchange while making the announcement Friday night did not provide specific details.
In a statement, the bourse said Chawla has resigned as “Public Interest Director/ Chairman of the Board of Directors of the National Stock Exchange of India Ltd with immediate effect in light of recent legal developments”.
A former finance secretary, Chawla took over as the chairman of the exchange on March 28, 2016. He had also served as civil aviation secretary and chairperson of the Competition Commission of India (CCI), among other roles.
Chawla quit as Yes Bank chairman in November last year.
Read Full statement on Resignation of Chairman of NSE