January 11, 2019 / 2:55 PM / 5 months ago

REFILE-India's NSE says its chairman has resigned due to recent legal developments

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MUMBAI, Jan 11 (Reuters) - Ashok Chawla has resigned as the chairman of the National Stock Exchange Of India with immediate effect “in light of recent legal developments,” the exchange said on Friday.

Chawla, who had been the chairman of India’s biggest stock exchange since 2016, has been charged with corruption by India’s federal police, according to local media reports. (Reporting by Sudarshan Varadhan; Editing by Elaine Hardcastle)

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