The Asia Securities Industry & Financial Markets Association (ASIFMA), an industry body of top foreign portfolio investors, has welcomed the announcement this Monday by the two Indian stock exchanges and their clearing corporations and depositories that they will coordinate on the move to T+1 settlement in a phased manner starting from 25 February 2022.
"The two stock exchanges are acting in concert, avoiding any fragmentation of the market which we had feared. Also, the start date has been pushed back by two months and will apply initially to only 100 stocks that have the lowest average daily market capitalisation," said