India's Hindustan Copper shares slump ahead of govt stake sale

MUMBAI Fri Nov 23, 2012 9:22am IST

Related Topics

Stocks

   

MUMBAI Nov 23 (Reuters) - Shares in state-run Hindustan Copper Ltd fell as much as 18.6 percent on Friday after the government set the base price for its 4 percents stake sale due later in the day at well below current prices.

The Indian government fixed the base price for its sale of Hindustan Copper shares at 155 rupees per share. Hindustan Copper shares were down 13.7 percent at 229.70 rupees as of 0351 GMT. (Reporting by Manoj Dharra; Editing by Rafael Nam)

FILED UNDER:

Politics

REUTERS SHOWCASE

Fund Raising

Fund Raising

Flipkart raises $700 million in fresh funding.   Full Article 

Reforms Push

Reforms Push

Modi may order insurance, coal reforms if vote delayed - officials.  Full Article 

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

Hacking Attack

Hacking Attack

N.Korea says did not hack Sony, wants joint probe with U.S.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage