Zee removed from F&O; FPIs up holdings in 7 Adani group companies

Zee removed from F&O

The National Stock Exchange (NSE) has excluded Zee Entertainment Enterprises (Zee) from the derivatives segment. Following the move, fresh contracts to Zee for new expiry months will not be issued. “However, the existing unexpired contracts of expiry months April 2024, May 2024 and June 2024 would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing contract months,” NSE said in a circular. Shares of Zee have nearly halved since January after the broadcaster’s $10-billion merger with Sony Pictures Networks India collapsed, stoking concerns of its ability to fight competition.