The crisis-hit Dewan Housing Finance Ltd (DHFL) will be excluded from the equity derivatives segment from 27th of September on the National Stock Exchange. On Tuesday, the exchange said, “No fresh contracts shall be introduced after the expiry of September 2019 contracts. All the existing futures and options contracts across all expiries shall expire on September 26, 2019.”
However, the bourse confirmed that the new strikes would commence in the existing contract months if required. The notice added, “Accordingly, no contracts shall be available for trading in the above-mentioned security (DHFL) with effect from September 27, 2019.”
The firm said on Monday that it is working with stakeholders and creditors to guarantee resolution of liquidity issues, without any haircut to the lenders.
On Tuesday, shares of DHFL closed at ?50.55 after gaining 4.23 per cent on the NSE.
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