Banks and financial institutions that
have lent money to Deccan Chronicle Holdings (DCHL)are being
investigated for alleged irregularities in their dealings with the
Hyderabad-based media house, media reports said. DCHL plunged on
Monday reacting to this news.The finance ministry has asked a
two-member panel to conduct the probe, which is expected to take
two months. Anil Girotra, a former executive director of Andhra
Bank, and SK Sharma, a general manager at Oriental Bank of
Commerce, will carry out the probe. Nearly two dozen entities have
lent over Rs 50 billion to the publisher of Deccan Chronicle,
Financial Chronicle, Asian Age and Andhra Bhoomi newspapers. 
Shares ofthe companyare trading at Rs
9.13, down Rs 0.47, or 4.90% at the Bombay Stock Exchange (BSE) on
Monday at 12:25 p.m.The scrip has touched an intra-day high of Rs
9.95 and low of Rs 9.13. The total volume of shares traded at the
BSE is 325,183.In the earlier session, the shares gained 4.92%, or
Rs 0.45, at Rs 9.60. Currently, the stock is trading down 83.98%
from its 52-week high of Rs 57 and above 6.41% over the 52-week low
of Rs 8.58.
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