News reports said that the company was in talks with firms including Sony Pictures to sell half of their holding in the entity.
The broader NSE's Nifty50 index signed off the day at 10,781, down 69 points or 0.64 per cent. Out of 50 stocks, 32 constituents ended in the red and 18 in the green.
Maruti Suzuki India (MSIL) on Friday reported a 17.26 per cent per cent fall in its net profit at Rs 1,489.3 crore for third quarter of FY19
Dena Bank, ICICI Securities, ICICI Prudential, Minda Inds, Nilkamal, Shankara Building Products, BASF India and Tata Elxsi were among 22 stocks from the S&P BSE 500 index hitting their respectively.
The stock dipped 9 per cent to Rs 6,420, its lowest level since April 28, 2017, after reported 17.2 per cent year-on-year decline in net profit at Rs 1,489 crore in December quarter.
The stock dipped 5% to Rs 3,592 after the company posted a 13.6 per cent year-on-year decline in its consolidated net profit at Rs 394 crore in Q3FY19, due to higher operational costs.
Spencer's Retail frozen 5 per cent lower circuit at Rs 213, while, CESC Ventures too, locked in 5 per cent lower circuit at Rs 521 on the BSE.
The stock was up 12 per cent to Rs 119 on BSE on back of heavy volumes after the company gave a clarification on rumors in capital market with respect to the outstanding commercial papers
Promoters of the company informed bourses on Thursday that the discovery price came in at around Rs 2,025 per share in the delisting process.
The domestic unit gained 26 paise to close at 71.07 as softer crude prices and gains in domestic equities bolstered forex market sentiments.
Here's a look at the top stocks that may remain in focus today -
Among sectors, Nifty Auto index slipped 0.87 per cent weighed by Ashok Leyland and Tata Motors. The Nifty Realty index was the top gainer of the day, rising 2.17 per cent led by Oberoi Realty.
GNPA (Gross non performing assets) improved sequentially to 1.32 per cent from 1.60 per cent last quarter.
The stock moved higher by 19 per cent to Rs 235, bouncing back 24 per cent from intra-day low of Rs 189 on the BSE.
HEG plunged 9 per cent to Rs 2,986, hitting at its lowest level since June 6, 2018, while Graphite India slipped 7% to Rs 626, hitting a nine-month low on the BSE in intra-day trade.
The stock hit an intra-day low of Rs 123, falling 18 per cent from its early morning high of Rs 150 on the BSE.
Thirumalai Chemicals repored a 76 per cent YoY slide in its Q3 net profit at Rs 10.22 crore. It had posted PAT of Rs 43.24 crore in the year-ago period.
The stock was up 7 per cent to Rs 305 after the company reported a healthy 54 per cent year-on-year growth in net profit at Rs 45.2 crore in Q3FY19.
The stock was down 1.4 per cent at Rs 687, its lowest level since December 8, 2017, on the BSE.
In the previous session, the domestic unit snapped its three-day losing streak and settled 11 paise higher at 71.33 on increased selling of the American currency by exporters and banks.