Hindustan Copper falls to daily limit after share sale
Reuters Market Eye - Shares in state-run Hindustan Copper(HCPR.NS) 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.
- Tweet this
- Share this
- Digg this
- Malaysia military tracked missing plane to west coast - source
- UPDATE 3-U.S. Senate intelligence chief accuses CIA of spying on Senate
- UPDATE 4-Libyan parliament sacks PM after tanker escapes rebel-held port
- Freescale loss in Malaysia tragedy leads to travel policy questions
- UPDATE 2-Men's Wearhouse stitches up deal to buy Jos. A. Bank
MISSING MALAYSIAN PLANE
Malaysia's military believes a jetliner missing for almost four days turned and flew hundreds of kilometres to the west after it last made contact with civilian air traffic control off the country's east coast, a senior officer told Reuters on Tuesday. Full Article | Slideshow
India halts plan to join global bond indexes, defers Euroclear - sources. Full Article
EXCLUSIVE - India to slash Iran oil imports to meet nuclear deal parameters: sources. Full Article