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India Equity Movers: DB Realty, Hindalco, Idea Cellular

July 11 (Bloomberg) -- The following companies had unusual price changes in India trading. Stock symbols are in parentheses and prices are as of the 3:30 p.m. in close in Mumbai.

The Bombay Stock Exchange Sensitive Index, or Sensex, fell 0.7 percent to 18,721.39. The BSE 200 Index also declined 0.7 percent to 2,312.88.

DB Realty Ltd. (DBRL IN) sank 6.1 percent to 80.2 rupees, its steepest drop since May 24. Indian investigators have imposed a 70 billion-rupee fine on Etisalat DB Telecom India Pvt., a venture between DB Realty and Emirates Telecommunications Corp., for foreign-exchange violations related to the sale of wireless permits, the Press Trust of India reported on July 8, citing officials it didn’t identify.

Hindalco Industries Ltd. (HNDL IN) plunged 4.3 percent to 180.05 rupees, its biggest loss since May 12. A panel of Indian ministers will decide whether to allocate a coal block to the nation’s second-largest aluminum maker pending environmental clearance, according to a notice on the environment ministry’s website.

Idea Cellular Ltd. (IDEA IN) fell 2 percent to 80 rupees. U.S.-based private equity firm Providence Equity Partners may exit from the Indian mobile-phone operator, the Business Standard reported, without saying where it got the information. Providence holds 9.99 percent in Idea, the report said.

To contact the reporter on this story: Rajhkumar K Shaaw in Mumbai at rshaaw@bloomberg.net.

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net

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