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BSE to exclude Deccan Chronicle from BSE-500

Bourse to include Bharti Infratel in BSE-500 effective from 21 Jan
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First Published: Wed, Jan 16 2013. 08 59 PM IST
Shares of Deccan Chronicle Holdings on Wednesday fell by nearly 5% to hit a lower circuit limit on BSE. Photo: Mint
Shares of Deccan Chronicle Holdings on Wednesday fell by nearly 5% to hit a lower circuit limit on BSE. Photo: Mint
Mumbai: BSE Ltd has decided to exclude Deccan Chronicle Holdings Ltd from the BSE-500 index.
The exchange has decided to exclude Deccan Chronicle Holdings and include Bharti Infratel in BSE-500 effective from 21 January, the stock exchange said in a statement here.
The National Stock Exchange (NSE) has already decided to suspend the trading in shares of DCHL from 23 January, as the company failed to submit financial results and shareholding pattern data.
The NSE said in a circular that the reasons for suspension include non-compliance with certain provisions of listing agreement such as non-submission of shareholding pattern, corporate governance report, financial results and reconciliation of share capital audit report for July-September 2012 quarter.
Shares of Deccan Chronicle Holdings on Wednesday fell by nearly 5% to hit a lower circuit limit on BSE.
The scrip opened 4.88% lower from its previous close and hit a lower circuit of Rs. 6.82 on the BSE, in an overall sluggish stock market.
At NSE, the stock tumbled 4.90% to Rs.6.80 - its lowest trading permissible limit for the day. The scrip was trading at a 52-week high of Rs.56.60 in February 2012.
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First Published: Wed, Jan 16 2013. 08 59 PM IST
More Topics: Deccan Chronicle | BSE | NSE | shares | Bharti Infratel |
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