September 29, 2016 / 4:21 AM / 10 months ago

BUZZ-India's Hindustan Copper falls; govt to sell 7 pct stake in co

1 Min Read

** Shares of state-run miner Hindustan Copper Ltd fall as much as 5.26 pct to their lowest since Sept 16

** India govt to sell 7 pct stake in Hindustan Copper, potentially raising 4.02 bln rupees ($60.50 mln)

** Govt is selling 64.7 mln shares, and has set floor price of 62 rupees per share, accordingly to a regulatory filing on Wednesday

** Govt owns almost 90 pct stake in Hindustan Copper - Thomson Reuters Eikon data

** Stock had risen 11.57 pct this year as of Wednesday's close ($1 = 66.4450 Indian rupees)

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