The Bombay Stock Exchange (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 has already decided to suspend trading in DCHL shares from January 23, as the company failed to submit financial results and shareholding pattern data.
Shares of Deccan Chronicle on Wednesday fell by nearly 5 per cent to hit a lower circuit limit on the BSE.
The scrip opened 4.88 per cent lower from its previous close and hit a lower circuit of Rs.6.82 on the BSE, in an overall sluggish stock market. At the NSE, the stock tumbled by 4.90 per cent 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.