Exchanges tighten rules on trading in stocks of IBC firms
- The guidelines come after the massive loss of money suffered by investors in Dewan Housing Finance Corp. Ltd (DHFL) shares
- The stock had risen tremendously on manipulative trading, during the fag end of the resolution process in NCLT, before it was delisted in June
Mumbai: Stock exchanges on Friday moved to prevent losses for investors in companies undergoing insolvency resolution with a series of directions on timely disclosure and compliance, following the recent Dewan Housing Finance Corp. Ltd (DHFL) fiasco where small investors lost all of their investments.
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