Markets regulator Sebi on Monday directed brokers to collect all other margins, except value at risk (VaR) and Extreme Loss Margin (ELM), by the T+1 settlement day. The decision has been taken due to the shift from T+2 to T+1 settlement cycle.
Casino executives say they are confident the IPO, which was challenged by two federal lawsuits, will pass muster with regulators and still meet a 25% minority investment requirement for Ballys Chicago with the city.
