Reliance Infrastructure Ltd has approached the Securities and Exchange Board of India (SEBI), the NSE and the BSE, seeking a review of the surveillance framework applicable to companies linked to proceedings under the Insolvency and Bankruptcy Code (IBC).
In a formal representation submitted to the market regulators and exchanges, the company has requested a review of the Additional Surveillance Measure (ASM) framework and the trading restrictions currently imposed on its shares.
Reliance Infrastructure said the restrictions are adversely affecting more than 7 lakh public shareholders and called for measures that support fair price discovery while maintaining investor confidence.
Company Raises Concerns Over Current Trading…