Sebi has relaxed settlement norms for foreign portfolio investors in the cash market by allowing net settlement of funds. The change permits netting of outright transactions while keeping safeguards intact, aiming to reduce liquidity requirements and streamline operations. Officials expect this to lower trading friction and make Indian markets more attractive for global investors.
NSE’s IPO timeline appears to be getting back on track after a Sebi expert settlement committee cleared a proposed Rs 1,800 crore settlement. The four-member panel is chaired by Jai Narayan Patel, a former chief justice of the Calcutta High Court, with members including a former Sebi official and senior finance and audit professionals.
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