February 23, 2023 / 10:19 PM IST
Zee omitted from F&O due to IBC procedures
Zee Entertainmet Enterprises has actually been omitted from Future & Options (F&O) due to the Insolvency and Bankruptcy procedures, based on a circular released by the National Stock Exchange (NSE).
“The scrip Zee Entertainment Enterprises Limited (ZEEL) has actually been shortlisted under IBC structure. In accordance with the aforementioned circulars, no fresh month agreements will be released on expiration of February 2023 agreements. All existing agreements with March 2023 and April 2023 expirations will continue,” it said.
“No futures and choices will be available for trading in the underlying ZEEL from April 28, 2023, onwards. After the expiration of existing agreements, even more monitoring actions of cost band/Gross settlement and so on. as under the IBC structure will apply w.e.f April 28, 2023,” it included.