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India gets bids worth $3.9 bln in Coal India sale - official

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Reuters NEW DELHI
Last Updated : Jan 30 2015 | 6:45 PM IST

NEW DELHI (Reuters) - India received bids worth about 240 billion rupees ($3.87 billion) for the sale of a 10 percent stake in state-run Coal India Ltd, a senior government official said, citing preliminary data.

The share sale in the world's largest coal producer was fully covered on Friday.

Foreign funds bid for more than 54 billion rupees worth of shares in Coal India, said Aradhana Johri, secretary in the government's Department of Divestment.

($1 = 61.9533 Indian rupees)

(Reporting by Rajesh Kumar Singh; Editing by Anupama Dwivedi)

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First Published: Jan 30 2015 | 6:28 PM IST

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