New Delhi, Jan. 16 -- The Securities and Exchange Board of India on Friday proposed a change that would allow large foreign investors to settle only the net value of their trades instead of each transaction separately.

The move, which has been long-awaited, is expected to reduce costs and make Indian markets more attractive to overseas investors.

The markets regulator has sought the changes "in order to enhance operational efficiency and reduce cost of funding" for foreign portfolio investors, it said in a consultation paper.(More to come)

Published by HT Digital Content Services with permission from MINT....