Caudan Development Ltd. (CAUDAN), a Mauritian company with interests in property, headed for its lowest level in almost six years.
The stock retreated 4 percent, its biggest daily decline since Sept. 20, to 1.20 rupee, by 12:15 p.m., in Port Louis, the capital. A close at this level will be its lowest since August 2006, according to data compiled by Bloomberg.
To contact the reporter on this story: Kamlesh Bhuckory in Port Louis at firstname.lastname@example.org
To contact the editor responsible for this story: Antony Sguazzin at email@example.com