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Coal India IPO institutional portion fully covered

Institutional buyers have bid for 1.47 times the shares on offer for them in state-owned Coal India's initial public offering to raise up to $3.5 billion, chairman Partha Bhattacharyya said on Tuesday.

Coal India IPO institutional portion fully covered
Institutional buyers have bid for 1.47 times the shares on offer for them in state-owned Coal India's initial public offering to raise up to $3.5 billion, chairman Partha Bhattacharyya said on Tuesday.      
 
The company expects the issue to get fully covered by today or tomorrow, Bhattacharyya said.

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