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Markets | Akruti falls most since 2007 on futures removal

Markets | Akruti falls most since 2007 on futures removal
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First Published: Thu, Mar 26 2009. 11 11 PM IST
Updated: Thu, Mar 26 2009. 11 11 PM IST
Mumbai:Akruti City Ltd fell by a record on the last day of trading for its futures contracts on the National Stock Exchange.
The shares fell 55.06%, the most since the stock debuted on 7 February 2007, to Rs819.40 at the close of trading in Mumbai.
Trading in futures and options of Mumbai-based Akruti will be halted after Thursday, when contracts for April and May expire, the exchange said on its website on 19 March.
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Havells India gains 20% on report of exports
Mumbai:Havells India Ltd rose as much as 23% percent in Mumbai, the biggest advance in 15 years, after a report it will export $200 million (around Rs1,000 crore) of electrical equipment.
Havells will export almost half the output to European Union countries over the next five years, ‘PTI’ reported. The stock closed 14.8% up at Rs147.40.
Bloomberg
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Tata firms sell TTSL shares, raise Rs740 cr
Bangalore:Tata Power Co. Ltd and Tata Communications Ltd raised Rs740 crore by selling shares of Tata Teleservices Ltd (TTSL), a privately held telecommunications unit.
Tata Power raised Rs320 crore and Tata Communications 420 crore from the sale, the companies said in statements to the Bombay Stock Exchange on Wednesday.
In New Delhi, Tata Sons Ltd said it had completed the sale of a 26% stake in Tata Teleservices Ltd to Japan’s NTT DoCoMo Inc.
Bloomberg and Reuters
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First Published: Thu, Mar 26 2009. 11 11 PM IST