Markets | NSE to remove 50 stocks from derivative list

Markets | NSE to remove 50 stocks from derivative list
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First Published: Wed, Apr 22 2009. 11 24 PM IST
Updated: Wed, Apr 22 2009. 11 24 PM IST
Mumbai: The National Stock Exchange (NSE) said it will remove Jet Airways (India) Ltd and 49 other stocks from the derivatives section of the exchange following its regular review of the companies.
The securities will be removed effective 4 May, the exchange said in a statement. The existing contracts for April, May and June will continue to be available for trading until they expire, and new strikes will also be introduced in these existing contract months, the exchange said in a circular posted on its website on Tuesday.
Other stocks that will be excluded from the derivatives trading list include Wockhardt Ltd, NIIT Ltd, Rajesh Exports Ltd and HCL Infosystems Ltd.
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Adani Power files draft share-sale prospectus
New Delhi: Adani Power Ltd, a unit of Adani Enterprises Ltd, filed a draft red herring prospectus for the planned sale of 337.7 million shares, according to the website of stock market regulator Securities and Exchange Board of India.
The company plans to use the funds to part-finance the construction of the Mundra phase IV project and invest in Adani Power Maharashtra Pvt. Ltd, according to the document.
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First Published: Wed, Apr 22 2009. 11 24 PM IST
More Topics: Markets | NSE | Jet Airways | Securities | NIIT |