Shares of crisis-hit Dewan Housing Finance Corporation Ltd. will be excluded from the equity derivatives segment of the National Stock Exchange from Sept. 27.
"No fresh DHFL F&O contracts shall be introduced after the expiry of September 2019 contracts. All the existing DHFL F&O contracts across all expiries shall expire on September 26, 2019," NSE said in a notice on Tuesday.
New strikes would be introduced in the existing contract months if required, NSE said.
"Accordingly, no contracts shall be available for trading in the above mentioned security (DHFL) with effect from September 27, 2019," the NSE notice added.
While announcing its March quarter results on Saturday, DHFL said the development in the past few quarters threaten its ability to continue as a going concern. DHFL posted its biggest-ever loss of Rs 2,224 crore in Q4.
DHFL has suffered consistent downgrades in its credit ratings since February on the back of multiple defaults. On Monday, DHFL said it is working with stakeholders and creditors to ensure resolution of liquidity issues, without any haircut to the lenders.
On Tuesday, DHFL shares rose 4.33 percent to Rs 50.60 apiece on the BSE while the benchmark Sensex gained 0.60 percent to end the day at 39,131.04 points.
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