Disproportionate impact on public shareholders
Reliance Infrastructure has expressed that the ASM framework has a disproportionate impact on its public shareholders, especially retail investors.
The company said during lower-circuit periods, shareholders often struggle to exit their investments at reasonable market prices.
It also noted that their holdings could lose value by a nearly fixed percentage every week due to this restricted trading mechanism.
Proposed alternatives for effective price discovery
Reliance Infrastructure has suggested a calibrated approach that keeps safeguards such as gross…