Indian market regulator plans new public float norms for companies facing insolvency

Indian market regulator plans new public float norms for companies facing insolvency

Photo: Reuters

India’s markets regulator, taking cues from the Ruchi Soya Industries Ltd’s exorbitant share price movement after it went through insolvency resolution, has decided to rejig the minimum public float norms for companies which undergo corporate insolvency resolution process (CIRP).