Hindustan Copper falls to daily limit after share sale

HINDUSTAN-COPPER-FALLS-TO-DAILY-LIMIT:Hindustan Copper falls to daily limit after share sale

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Reuters By Vikram Subhedar</p>HONG KONG
Last Updated : Jan 20 2013 | 6:29 AM IST
hong Kong  November 26, 2012, 10:10 IST

hong Kong  November 26, 2012, 10:10 IST

 

hong Kong  November 26, 2012, 10:10 IST

 

hong Kong  November 26, 2012, 10:10 IST

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Reuters Market Eye - Shares in state-run Hindustan Copper fall 20 percent, to their maximum daily limit for the second day after government's stake sale.

India raised 8.1 billion rupees by selling shares of Hindustan Copper on Friday, kick-starting a stalled divestment programme that is crucial to reining in a ballooning fiscal deficit.

Dealers say spot market prices are inching closer to the weighted average price of 156.56 rupees in the recently concluded offer for sale.

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First Published: Nov 26 2012 | 10:10 AM IST

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