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:
  • Most Popular
  • Most Shared

A Different Past

REUTERS SHOWCASE

Power Theft

Power Theft

India to invest $4 billion to tackle power theft  Full Article 

Debt Funds

Debt Funds

India monitors foreign flows into debt funds, may tighten rules  Full Article 

Bulgari Back in India

Bulgari Back in India

CEO: we shouldn’t have left India so we’re back  Full Article 

Indian Exports

Indian Exports

How to get India’s exports back on track  Full Article 

Reuters India Mobile

Reuters India Mobile

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