NYSE Euronext, owns a 5 per cent equity stake in the Mumbai-based NSE, the maximum investment currently permitted by a foreign investor in a stock exchange under the securities laws of India.
"This further underscores NYSE Euronexts commitment to develop its business on an international scale. The partnership with NSE is mutually beneficial and this will extend NYSE Euronext's global reach by advancing our competitive position in India, Chai said in a statement.
He is also a member of the NYSE Euronext Management Committee.
The New York Stock Exchange which is a subsidiary of NYSE Euronext (NYX), currently lists 12 companies from India.
Besides, NSE which ranks third globally by the number of trades in the equity market and hosting the flagship index, the Nifty 50, NYSE Euronext is a holding company created by the combination of NYSE Group, Inc and Euronext N V.