As a result of Zee Entertainment Enterprises being shortlisted under the IBC framework. NSE has announced no fresh month contracts will be introduced upon the expiry of February 2023 contracts.
The existing unexpired contracts of expiry months March and April 2023 would continue to be available for trading till their respective expiry and no F&O contracts will be available for trading in ZEEL from April 28, 2023, onwards.
Further, a margin of 100% will be applicable on all existing derivative contracts of ZEEL from February 27, 2023, onwards and on all existing open positions as of February 24, 2023. You can check the announcement from the exchange here.