A share sale in India’s top iron ore miner NMDC was fully covered by late afternoon on Friday, two sources with direct knowledge of the deal said.
Most of the bids have been at the lower end of the 300-350 rupees price band, they said.
The institutional order book was fully covered on Thursday, the second day of the share offering worth up to $2.6 billion, thanks to big orders from two state-run financial groups, sources indicated.