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Markets | Hind Copper share sale may fetch Rs5,000 cr

Markets | Hind Copper share sale may fetch Rs5,000 cr
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First Published: Tue, May 18 2010. 10 53 PM IST
Updated: Tue, May 18 2010. 10 53 PM IST
New Delhi:Hindustan Copper Ltd said a planned share sale may fetch as much as Rs5,000 crore, 25% more than estimated, following a surge in the stock price this year.
The government will sell a 10% stake and the company a further 10%, and the sale should be completed in September, three months ahead of schedule, chairman and managing director Shakeel Ahmed said.
— Bloomberg
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Tarapur shares close 9% down on BSE debut
Mumbai: Shares of Tarapur Transformers Ltd closed 9.02% below their initial public offer price of Rs75 on The first day of listing on the Bombay Stock Exchange on Tuesday.
The stock closed at Rs56.9 after opening at Rs75 and reaching a high and low of Rs97.5 and Rs54.1, respectively, in intraday trading. The Sensex closed 0.24% higher at 16,875.76 points.
— Ashwin Ramarathinam
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First Published: Tue, May 18 2010. 10 53 PM IST