It’s Sebi vs FPIs, brokers on T+1

Under the current system of T+2 settlement, a buyer gets the shares that he bought in his demat account on the third working day, including the day of trade. Similarly, the seller receives the money for shares sold on the third working day. Under the proposed T+1 settlement cycle, the shares and money will come to the investors account the next working day.

via Economictimes