• Rate this Story
  • 0
  • 0

November 26, 2012 4:17 PM EST

Shares in state-run Hindustan Copper fall 20 percent, to their maximum daily limit for the second day after government's stake sale.

Reuters
Workers use hammers to form copper pots inside a workshop in Ahmedabad in this file photo

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.

(Photo: Reuters / )
Workers use hammers to form copper pots inside a workshop in Ahmedabad in this file photo
  • Rate this Story
  • 0
  • 0
Copyright 2012 Thomson Reuters. All rights reserved.

Join the Conversation

IBTimes TV

E-Newsletters

We value your privacy. Your email address will not be shared.