Reliance Infra seeks IBC rule review to protect 7 lakh investors

Reliance Infrastructure urged SEBI, NSE and BSE to review surveillance framework linked to the Insolvency and Bankruptcy Code (IBC) to protect over seven lakh investors. "Current [rule]…permits trading only once a week within a narrow ±5% price band, [resulting] in [mechanical and predictable] price movements," it said. Such restrictions won't reflect long-term value creation potential, it said.