Hindustan Copper shares slump on govt stake sale plan

MUMBAI Thu Nov 22, 2012 9:31am IST

People walk pass the Bombay Stock Exchange (BSE) building displaying India's benchmark share index on its facade, in Mumbai September 30, 2009. REUTERS/Punit Paranjpe/Files

People walk pass the Bombay Stock Exchange (BSE) building displaying India's benchmark share index on its facade, in Mumbai September 30, 2009.

Credit: Reuters/Punit Paranjpe/Files

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MUMBAI (Reuters) - Shares of Hindustan Copper (HCPR.NS) fell as much as 6.4 percent after the government said it would sell a 4 percent stake in India's third-largest copper producer on Friday.

Hindustan Copper shares were down 1.4 percent at 235.90 rupees as of 09:22 a.m. in volatile trading.

(Reporting by Rafael Nam; Editing by Subhranshu Sahu)

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