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Biggest Indian Exchange’s CEO Resigns Just Months Before IPO

  • Managing Director Ravichandran named interim chief executive
  • National Stock Exchange plans to go public early next year
Employees stand at in front of an electronic board that indicates the latest stock figures at the the National Stock Exchange (NSE) in Mumbai, India, on Tuesday, Feb. 10, 2015. Prime Minister Narendra Modi conceded an overwhelming defeat in a local election in India's capital, his first setback at the polls since taking charge of Asia's third-biggest economy last year.
Photographer: DHIRAJ SINGH/Bloomberg
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Chitra Ramkrishna has resigned as chief executive officer of the National Stock Exchange of India just months before the exchange plans to go public.

Ramkrishna, 53, quit due to personal reasons, according to a statement from the bourse operator, which didn’t provide further details. Managing Director J. Ravichandran has been appointed interim CEO, it said. A search is underway for the next chief executive.