Grupo Elektra, a major retailer of appliances in Mexico, has experienced significant turmoil as its shares were halted from trading in July at the request of its controlling shareholder, billionaire Ricardo Salinas Pliego.

The situation escalated when the company sought to extend the trading ban, leading to a standoff with regulators. Recently, trading resumed, but shares plummeted to a valuation 50% lower than their last trading price in July.

This drastic decline would typically activate a circuit breaker at the stock exchange; however, the securities regulator CNBV intervened, overriding a court order obtained by Elektra's legal team. The ongoing developments have left investors in a precarious position, raising concerns about the company's future and governance.