Global index major Morgan Stanley has decided to defer its change in Global Standard Index that was supposed to have taken place on June 30.
MSCI will defer until further notice potential increases in Foreign Ownership Limits (FOL) resulting from the recently implemented relaxation of the foreign portfolio investor (FPI) limit of Indian companies to the sectoral limit, it said in a statement.
The sectoral limits published by National Securities Depository Ltd (NSDL) and Central Depository Services Ltd (CDSL) are new and more time is required for market participants to test the disclosure mechanism, the index major said.
“MSCI is ...
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