Shares of Deccan Chronicle Holdings (DCHL), which owns Deccan Chronicle newspaper, hit a record low on Monday falling about 10 per cent amid reports of the media firm facing severe financial crisis. After opening weak, the company’s scrip further plummeted by 9.97 per cent and closed at a record low of Rs. 16.70 on the BSE.
On the NSE, too, the scrip ended at the same level. According to a filing on BSE last Friday, promoters of DCHL had pledged 54 per cent stake with Future Capital Holdings. They had pledged 11.29 crore shares.
