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NSE Withdraws Decision To Drop Zee Entertainment From F&O Segment
NSE said post the NCLAT order, ZEEL will move out of IBC framework, hence the surveillance action in the stock shall be reverted and the F and O contracts with May 2024 will be available
Topics
NSE | Zee Entertainment | F&O
The National Stock Exchange (NSE) on Monday announced that it would be including Zee Entertainment (ZEEL) back into the futures and options (F&O) segment.
NSE's move comes after the National Company Law Appellate Tribunal (NCLAT) decided to put a stay on the National Company Law Tribunal (NCLT) order admitting insolvency proceeding against Zee Entertainment.
NSE said that post the NCLAT order, Zee Entertainment will move out of the IBC framework and hence the surveillance action in the stock shall be reverted. Further, NSE informed that the futures and options contracts with May 2024 will be available on Zee Entertainment. "NCLAT, principal bench, New Delhi vide order dated February 24 has granted stay on NCLT Mumbai bench order dated February 22 w.r.t. IBC proceedings against ZEEL, " the exchange said in a circular.
NSE
advised members to load the updated contract file in the trading application before trading on February 28, 2023.
On NSE, ZEEL's share price closed at Rs 182.55 apiece down by 6.65 per cent.
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First Published: Mon, February 27 2023. 21:07 IST
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