Hind Copper selloff nets Rs 808 cr, thanks to LIC

Nov 24 2012, 02:38 IST
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SummaryThe government on Friday mopped up approximately Rs 808.03 crore by diluting 5.58% of its stake in Hindustan Copper, marking the start of its divestment programme for 2012-13. The government plans to collect Rs 30,000 crore through disinvestments this year.

or R4.20 to R159.20 on Friday. Even as NTPC enjoys a monopoly in its business segment, experts are not enthused about the offered sale given the limited opportunity it enjoys in the merchant power segment.

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