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Mauritius Caudan Development Heads for Lowest in Six Years

March 27 (Bloomberg) -- Caudan Development Ltd., 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 kbhuckory@bloomberg.net

To contact the editor responsible for this story: Antony Sguazzin at asguazzin@bloomberg.net

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