NSE suspends trading in Deccan Chronicle shares from 23 Jan

MUMBAI: The National Stock Exchange (NSE) has decided to suspend trading in Deccan Chronicle Holding Limited?s (DCHL) shares on its platform from 23 January due to non-compliance with submission of financial results and shareholding pattern.

The NSE said DCHL failed to respond satisfactorily to the notice seeking reasons for non-compliance of certain provisions of the listing agreement which includes non-submission of shareholding pattern, corporate governance report, financial results and reconciliation of share capital audit report for July-September 2012 quarter.

The price of DCHL rose 4.38 per cent to end 7.15 on the National Stock Exchange on Tuesday.