Hindustan Copper slumps ahead of govt stake sale

Shares in state-run Hindustan Copper Ltd fell as much as 18.6 per cent on Friday after the government set the base price for its 4 per cent stake sale due later in the day at well below current prices.

The government fixed the base price for its sale of Hindustan Copper shares at Rs 155 per share. Hindustan Copper shares were down 13.7 per cent at Rs 229.70 as of 0351 GMT.

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