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
- Several Arab countries offer to join air campaign on Islamic State, say U.S. officials
- Google to launch Android One, phones to be priced at around $105
- Islamic State executes eight Sunnis in northern Iraq
- With eye on China, India to develop disputed border region
- Preview: Shinji-mania grips Dortmund ahead of Arsenal clash
India's wholesale price inflation in August eased to 3.74 percent, its lowest level in nearly five years, government data showed on Monday. Full Article
Google launches Android One in India, phones to be priced at around 6,399 rupees Full Article