MARKET EYE-Hindustan Copper falls to daily limit after share sale

Mon Nov 26, 2012 9:44am IST

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* Shares in state-run Hindustan Copper falls 20
percent, to their maximum daily limit for the second day after
government's stake sale.
* India raised 8.1 billion rupees ($147 million) 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.

 (abhishek.vishnoi@thomsonreuters.com /;
abhishek.vishnoi.reuters.com@reuters.net)
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