India bluechips to shift to world's fastest settlement cycle T+1 this week: Report
As per the report, starting January 27, stocks from Reliance Industries to Tata Consultancy Services and Adani Enterprises — together comprising 80 percent of the country’s equity market — will be settled on a ‘trade-plus-one-day’ timeline versus the two-day process earlier.
Shares of about 200 of India’s biggest listed companies are set to move to a faster settlement cycle, making the South Asian nation the second market after China to switch to the so-called T+1 system, Business Standard said, citing Bloomberg.
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