Zee Entertainment Enterprises Limited (ZEEL) has been admitted by the bankruptcy board for insolvency proceedings. As a result, no new contracts will be issued after the expiration of the February 2023 contracts. However, existing contracts with March and April expiration dates will continue as normal. Trading in this security will no longer be available after April 28, 2023.
In addition, a margin of 100% will be charged on all existing derivative contracts and any new positions created on or after February 27, 2023. After the current contracts expire, further price band and gross settlement monitoring will be implemented according to the IBC framework, beginning on April 28, 2023.