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Reliance Infra calls trading curb “counterproductive”, seeks regulatory review

Reliance Infrastructure Limited, in a statement, said it has submitted a formal representation to the SEBI, NSE, and BSE, seeking a review of the Additional Surveillance Measure (ASM) linked to Insolvency and Bankruptcy Code (IBC) and the related trading restrictions on its shares

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Bombay Stock Exchange. Representational pic

Bombay Stock Exchange. Representational pic

Reliance Infrastructure Limited on Sunday said that it has sought a review of the insolvency-related surveillance framework, under which trading in the company's stock is allowed only once a week.

Reliance Infrastructure Limited, in a statement, said it has submitted a formal representation to the Securities and Exchange Board of India (SEBI), National Stock Exchange (NSE), and Bombay Stock Exchange (BSE), seeking a review of the Additional Surveillance Measure (ASM) linked to Insolvency and Bankruptcy Code (IBC) and the related trading restrictions on its shares.

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