Cairn India Ltd received over 34.14 crore (341.4 million) bids for its offer of 32.87 crore (328.7 million) shares, according to data available on the stock exchanges so far.
The issue has received robust response from qualified institutional buyers, merchant banking sources said.
Price band of the offer has been fixed between Rs 160 to Rs 190. The company plans to raise at least Rs 5,260 crore (Rs 52.60 billion) and a maximum of Rs 6,247 crore (Rs 62.47 billion) from the issue. The issue would close on December 15.
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