NSE drops ZEEL from F&O segment with effect from June 28

The National Stock Exchange (NSE) announced on Tuesday that Zee Entertainment Enterprises contracts will not be available for trading in the futures and options (F&O) segment from June 28.

However, the exchange said that existing unexpired contracts with expiry months of April, May, and June will continue to be available for trading until their respective expiry dates.

In February last year, NSE had excluded Zee from the F&O segment after the NCLT admitted an insolvency plea filed by IndusInd Bank against the company. However, NSE later reversed this decision after the NCLT granted interim relief to the media firm by staying the bankruptcy proceedings against it.