Hindustan Copper falls to daily limit after share sale

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

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

 

hong Kong  November 26, 2012, 10:10 IST

 

hong Kong  November 26, 2012, 10:10 IST

 

hong Kong  11 26, 2012, 10:20 IST

 

 

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.