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

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