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Shares of Deccan Chronicle Holdings Ltd today gained 9.98 per cent during the day’s trade, quoting at Rs 13.45 on news of Videocon evincing interest in taking over IPL team Deccan Chargers.
The market is abuzz with two other leading corporate entities evincing interest in the IPL team. DCHL had invited bids for Deccan Chargers on Thursday (September 6).
This is the highest gain recorded by the share in recent times following news that DCHL had piled up huge debt and some cases being initiated against it by lenders, including a winding up petition in the Andhra Pradesh High Court and a criminal case by Karvy.
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