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India's ONGC $2.5 bln share sale covered 98 pct
March 1, 2012 / 5:06 PM / 6 years ago

India's ONGC $2.5 bln share sale covered 98 pct

MUMBAI, March 1 (Reuters) - India’s $2.5 billion auction of government shares in Oil and Natural Gas Corp was nearly covered by close, the country’s two main stock exchanges said in a joint statement.

The auction received bids for 420.3 million shares compared to the 427.8 million on offer, the exchanges said, without disclosing an average bidding price. (Reporting by Sumeet Chatterjee; Editing by Aradhana Aravindan)

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