Sebi said that it will go ahead with a plan to allow the settlement of equity market trades within the same day as it looks for ways to help Indian retail investors, provided there were no "serious objections" from market participants. India in January transitioned to a plan where trades are settled in one business day. The Sebi now plans to add an option - by October 2024 - to allow settlements instantly. Offshore investors have been pushing back on Sebi's instant settlement move on fears that two cycles would lead to a fragmented system and add to the cost of trading.
- News Source Indiatimes (Click to view full news): CLICK HERE
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