NSE to suspend trading in Deccan Chronicle shares

MUMBAI Tue Jan 15, 2013 5:41pm IST

Related Topics

Stocks

   
Border Security Force (BSF) soldiers ride their camels as they rehearse for the "Beating the Retreat" ceremony in New Delhi January 27, 2015. REUTERS/Ahmad Masood

"Beating The Retreat" Rehearsals

Rehearsals are on for "Beating the Retreat" ceremony which symbolises retreat after a day on the battlefield, and marks the official end of the Republic Day celebrations.  Slideshow 

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:
Photo

After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

Reuters Showcase

Divestment Plans

Divestment Plans

ONGC share sale scheduled for this fiscal - oil minister.  Full Article 

Market Eye

Market Eye

Sensex, Nifty retreat from record highs on profit-taking.  Full Article 

Tech Talk

Tech Talk

Apple takes high road in China smartphone standoff with Xiaomi.  Full Article 

Business Strategy

Business Strategy

Uber scraps commissions for its New Delhi taxis.  Full Article 

Currencies

Currencies

China's yuan breaks into the world's top five as payment currency - SWIFT.  Full Article 

Job Cuts

Job Cuts

Sony to cut 1,000 jobs in smartphone business - sources.  Full Article 

Reuters India Mobile

Reuters India Mobile

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