Zee (Photo: Bloomberg)
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
NSE Removes Zee Entertainment From F&O Segment Post Insolvency Fallout
"No fresh month contracts will be issued on the expiration of February 2023 contracts," the exchange says in a circular
Topics
Zee Entertainment | Companies | Bankruptcy
Zee Entertainment Enterprises Limited (ZEEL) has been barred from the futures and options (F&O) segment of the National Stock Exchange (NSE) as a result of the bankruptcy board's decision to include the media company in the insolvency process.
"ZEEL has been shortlisted under insolvency and Bankruptcy Code (IBC) framework," NSE said in a circular.
The exchange said in a circular, "No fresh month contracts will be issued on the expiration of February 2023 contracts. All existing contracts with March and April expiries shall continue."
NSE further said in the circular that a margin of 100 per cent shall be levied on all existing derivative contracts with effect from T+2 day which is, for all new positions created from February 27, 2023 onwards and on all existing open positions as on February 24, 2023.
No future and options shall be available for trading in the underlying ZEEL from April 28, 2023 owards, the cirular said. It added that after the expiry of existing contracts, further surveillance actions of price band/gross settlement and others as under the IBC framework shall be applicable with effect from April 28, 2023.
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Thu, February 23 2023. 22:11 IST
RECENT NEWS
Coutts Sets Scope On New Continent
Coutts steps into private marketsCoutts, the private bank best known for serving Britain’s wealthiest families and the... Read more
From Cypherpunk To Citadel
How Crypto Moved from the Wild West to the Mainstream Financial SystemA long-form analysis of Bitcoin's journey from fri... Read more
ACB Securities: Building Scale, Trust & Innovation
ACB Securities: Building Scale, Trust and Innovation in Vietnam’s Capital MarketsACB Securities (ACBS) is emerging as ... Read more
War Risk Returns To Markets As VIX Surges
For most of the past year, global markets behaved as though geopolitical risk had largely disappeared. Inflation was eas... Read more
Stablecoin The Future Of Currency?
The payments system is undergoing a quiet but consequential shift. What was once the exclusive preserve of central banks... Read more
BoE Loosens Capital Rules
The Bank of England has taken a significant step towards easing post-crisis regulation by lowering its estimate of the c... Read more