Reliance Infra faces trading restrictions amid insolvency process
after close1 source ↓written by the desknot a recommendation
Reliance Infrastructure has entered the Insolvency Resolution Process (IRP) under the IBC, leading to trading restrictions. Shares will now trade only on Mondays, allowing only selling while fresh buying is prohibited. This move aims to protect retail investors amid increased volatility and speculation surrounding the stock. 📉
Brokerages have informed investors that shares will only be visible on trading platforms on designated days, impacting liquidity.
Not investment advice. For informational purposes only.