Reliance Infra faces trading restrictions after insolvency admission
pre-market1 source ↓written by the desknot a recommendation
Reliance Infrastructure has entered the Insolvency Resolution Process (IRP) under the IBC, leading to its shares being placed under Additional Surveillance Measures (ASM). Trading will now occur only once a week on Mondays, allowing only selling and prohibiting new purchases. This aims to protect retail investors amid increased volatility. 📉
Brokerage communications indicate that shares will only be visible on trading platforms on designated days, potentially limiting investor access on other days.
Not investment advice. For informational purposes only.