The media reports on Friday said that DB CorpÂ was in talk to acquireÂ Deccan Chronicle HoldingsÂ (DCHL) print business
BestMediaInfo Bureau | Delhi | August 6, 2012
Deccan Chronicle Holdings Ltd said that the Company has not been approached by anybody to acquire the print business and the Company is no way connected with the aforesaid news.
D. B. Corp Ltd has also clarified that the news item is a market speculation and is absolutely baseless. The Company denies having arrived at any agreement for acquisition for print business of Deccan Chronicle Holdings Ltd.
According to the media reports on August 3, 2012, âThe owner of newspapers such as the Deccan Chronicle and Financial Chronicle has faced a barrage of media reports that the company is struggling for survival, sending its shares down 52 percent from July 20 to Wednesday's close.â
âIts main stakeholders have pledged shares with other companies, including consumer and mortgage loan provider Future Capital Holdings, to raise funds, according to exchange statements,â the reports said further.