Hindustan Copper falls to daily limit after share sale

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

Also Read: Hind Copper divestment: Discount price saves the day

India raised Rs 810 crore 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 Rs 156.56 in the recently concluded offer for sale.

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