Following the opposition from foreign investors, market regulator Securities and Exchange Board of India (Sebi) has deferred the plan to halve the trade settlement cycle to one day (T+1), a regulatory source said.
According to an earlier schedule, the Sebi board was to decide on the issue at its final board meeting for 2020. Instead, the board, at its meeting to be held on Wednesday, will finalise the public float norms for companies’ relisting after undergoing the corporate insolvency resolution process (CIRP). Officials from the finance and corporate affairs ministries will also attend the meeting. Sources said some Budget-related proposals will