Economy · India
Polycab India Shares Fall Amid F&O Segment Exclusion and Insolvency Proceedings
Polycab India's shares declined by over 5% following the National Stock Exchange's (NSE) announcement that the stock will be excluded from the Futures and Options (F&O) segment starting December 30. This exclusion is linked to insolvency proceedings initiated against the company, though an appeals tribunal has paused the initial order. Existing derivative contracts will continue until their expiry, with the final contracts ending on December 30, 2026.
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- Centre (2): Mint, The Economic Times