Hemisphere Properties shares locked in 5% lower circuit on debut

HPIL was formed as part of the disinvestment exercise carried out by the Government of India in respect of its holdings in the erstwhile VSNL

Shares of Hemisphere Properties India (HPIL) were frozen at 5 per cent lower circuit at Rs 100.70 on the BSE after debuting at the bourses on Thursday. On the National Stock Exchange (NSE), the stock was locked in lower circuit at Rs 92.15 after opening at Rs 97, the exchange data shows.

Till 10:06 am, a combined 105,000 equity shares had changed hands on the NSE and BSE. There were pending sell orders for 3.7 million shares on both the exchanges, data shows.

HPIL was formed as part of the disinvestment exercise carried out by the Government of