Deccan Chargers ups DCHL stock 12%

Shares of Deccan Chronicle Holdings today jumped over 12 per cent on the buzz...

Shares of Deccan Chronicle Holdings today jumped over 12 per cent on the buzz that it has sold its entire stake in the Hyderabad IPL team,Deccan Chargers,for USD 300 million.

Shares of Deccan Chronicle Holdings Ltd (DCHL) settled at Rs 138,up 12.15 per cent on the Bombay Stock Exchange. Shares during the trade surged 14.34 per cent to touch a month-high at Rs 140.70.

A similar trend was seen on the National Stock Exchange,where the scrip closed at Rs 134.70,up 9.47 per cent. On the volume front,over Rs 95.4 lakh shares of the company changed hands on both the bourses.

The sudden spurt in the stock was witnessed amid media reports that the company has sold 100 per cent stake in Deccan Chargers,the franchise that represents Hyderabad in the Indian Premier League,for USD 300 million.

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Deccan Chargers

Men who opened fire outside actor Disha Patani’s home killed in encounter in Ghaziabad

Cities33 min ago

Two men belonging to the Rohit Godara-Goldy Brar Gang were killed in an encounter in Ghaziabad, suspected to be involved in the firing outside Disha Patani's residence. The duo, identified as Ravindra and Arun, were wanted in multiple cases and were spotted by the police through CCTV footage. UP CM Yogi Adityanath had directed for a speedy investigation and strict action against the perpetrators.

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