Business Companies 16 Jul 2019 NSE to exclude DHFL ...

NSE to exclude DHFL shares from equity derivatives segment from Sept 27

PTI
Published Jul 16, 2019, 7:32 pm IST
Updated Jul 16, 2019, 7:32 pm IST
DHFL had said the developments in past few quarters threaten its ability to continue as a going-concern.
No fresh contracts shall be introduced after the expiry of September 2019 contracts, NSE said.
 No fresh contracts shall be introduced after the expiry of September 2019 contracts, NSE said.

New Delhi: Shares of crisis-hit Dewan Housing Finance Corporation Ltd (DHFL) will be excluded from the equity derivatives segment on the National Stock Exchange from September 27.

"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," the exchange said in a notice on Tuesday.

 

However, new strikes would be introduced in the existing contract months if required, the bourse said.

"Accordingly, no contracts shall be available for trading in the above mentioned security (DHFL) with effect from September 27, 2019," the notice added.

The housing finance firm had said the developments in past few quarters threaten its ability to continue as a going-concern.

On July 13, the debt-ridden firm had posted its biggest-ever quarterly loss of Rs 2,224 crore for the fourth quarter ended March 31.

DHFL has suffered consistent downgrades in its credit ratings since February.

On Monday, the firm said it is working with stakeholders and creditors to ensure resolution of liquidity issues, without any haircut to the lenders.

Shares of DHFL on Tuesday closed at Rs 50.55 after gaining 4.23 per cent on the NSE.

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Location: India, Delhi, New Delhi




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