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Context: Capital market regulator Securities and Exchange Board of India (SEBI) imposed a penalty of Rs 1 crore on the National Stock Exchange (NSE), and Rs 25 lakh each on Chitra Ramakrishna and Ravi Narain, the former managing director and vice-chairman of the exchange respectively, in connection with its three-year investigation in the co-location case.
What is the National Stock Exchange (NSE) co-location case?
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