Deccan Chronicle to be excluded from BSE-500

BSE has decided to exclude Deccan Chronicle Holdings from the BSE-500 index.

The exchange has decided to exclude Deccan Chronicle Holdings and include Bharti Infratel in BSE-500 effective from January 21, 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 January 23, 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 per cent to hit a lower circuit limit on BSE.