Stay informed with the latest NSE circular regarding the removal of WHIRLPOOL from the FNO market on May 26, 2023. Learn about the impact on stock prices and settlement of contracts.
Removal of WHIRLPOOL from the FNO
On March 27, 2023, the National Stock Exchange (NSE) vide circular no. NSE/FAOP/56137, has announced its decision to exclude Whirlpool Of India Limited (WHIRLPOOL) from the futures and options (F&O) segment. This means that new F&O contracts for this company will not be issued after May 26, 2023. This decision is based on a review of the framework for stocks in the derivatives segment by the Securities and Exchange Board of India (SEBI).
Last Date in F&O
Investors will be able to trade in F&O of WHIRLPOOL till May 25, 2023. After that, new contracts for WHIRLPOOL will not be issued and this stock will not be a part of the F&O segment. Any contract that remains unsettled on May 25, 2023, will be settled by delivery.
Whirlpool of India Ltd, is a subsidiary of Whirlpool Corporation, committed to being the best global kitchen and laundry company, in constant pursuit of improving life at home. Headquartered in Gurugram, Whirlpool is one of the largest manufacturers and marketers of major home appliances in the country. WHIRLPOOL closed at 1330.20 on NSE on March 27, 2023, its 52-week high is 1917 and its low is 1217.25.
Impact of Removal of WHIRLPOOL from the FNO
There may have an impact of the removal of WHIRLPOOL from the FNO on investors, it is important to note that WHIRLPOOL will continue to trade in the equity segment and its underlying business performance will continue to drive its stock prices. It is important for investors to consider all available information before making any investment decisions.