India's IRCON International falls over 7%

Ircon International

07/12/2023 04:36

** Shares of state-run IRCON International  IRCN.NS  down
7.5% to 158.9 rupees 
    ** Engineering, construction co said Indian govt will sell
up to 8% stake in co this week 
    ** Floor price for sale at 154 rupees, discount of about
10.5% to Wednesday's close
    ** About 18.1 mln shares change hands vs 30-day avg 14.3 mln
shares
    ** Stock up 166% YTD, including Thursday's losses

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))