NSE to suspend trading in Deccan Chronicle shares

MUMBAI Tue Jan 15, 2013 5:41pm IST

Related Topics

Stocks

   

MUMBAI (Reuters) - The National Stock Exchange said trading of shares in Deccan Chronicle Holdings Ltd (DCHL.NS) would be suspended from January 23, saying the newspaper publisher failed to provide shareholding and financial information.

The NSE said Deccan Chronicle had not provided financial results and information on shareholding patterns as required for listed companies.

The exchange also said Deccan Chronicle had not provided a corporate governance report or a share capital audit report.

Deccan shares plunged 84.5 percent last year as the company struggled to repay debts. The media company was forced to sell an Indian Premier League cricket franchise for various defaults.

NSE also announced trading in shares of IOL Netcom Ltd (IOLB.NS) would also be suspended on January 23 after the company failed to provide financial results.

(Reporting by Rafael Nam; Editing by Prateek Chatterjee)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

REUTERS SHOWCASE

Global Trade Deal

Global Trade Deal

Rural votes, old traumas drive India's WTO brinkmanship.`  Full Article 

E-Commerce Funding

E-Commerce Funding

E-tailer Flipkart raises $1 billion in funding.  Full Article 

Chopper Deal

Chopper Deal

Finmeccanica settles with Italy prosecutors to end Indian chopper deal probe.  Full Article 

Adani Project

Adani Project

Australia approves Adani's $16 bln Carmichael coal project  Full Article 

New Frontiers

New Frontiers

EXCLUSIVE - Goldman moves executive to new role building ETFs.  Full Article 

India-U.S. Talks

India-U.S. Talks

Kerry to woo Modi's India, but quick progress unlikely  Full Article 

Argentina Debt Default

Argentina Debt Default

Insight - Jaded Argentines brace for looming debt default   Full Article 

Anti-trust Probe

Anti-trust Probe

Microsoft targeted in apparent Chinese anti-trust probe  Full Article 

Gaza Conflict

Gaza Conflict

Israel strikes house of Hamas Gaza leader, digs in for long fight.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage