Govt to launch sixth tranche of CPSE Exchange Traded Fund on 18 July; to raise up to Rs 10,000 cr

The government is planning to raise up to Rs 10,000 crore from the sixth tranche of CPSE ETF which would be launched on 18 July, an official said

Press Trust of India July 10, 2019 15:27:06 IST
Govt to launch sixth tranche of CPSE Exchange Traded Fund on 18 July; to raise up to Rs 10,000 cr
  • The CPSE Exchange Traded Fund (ETF) tracks shares of 11 Central Public Sector Enterprises (CPSEs)

  • These companies are ONGC, NTPC, Coal India, IOC, Rural Electrification Corp, Power Finance Corp, Bharat Electronics, Oil India, NBCC India, NLC India and SJVN

  • The CPSE ETF issue is likely to open on 18 July for anchor investors and on 19 July for other investors

New Delhi: The government is planning to raise up to Rs 10,000 crore from the sixth tranche of CPSE ETF which would be launched on 18 July, an official said.

The CPSE Exchange Traded Fund (ETF) tracks shares of 11 Central Public Sector Enterprises (CPSEs) -- ONGC, NTPC, Coal India, IOC, Rural Electrification Corp, Power Finance Corp, Bharat Electronics, Oil India, NBCC India, NLC India and SJVN.

Govt to launch sixth tranche of CPSE Exchange Traded Fund on 18 July to raise up to Rs 10000 cr

Representational image. Reuters.

"The follow-on fund offer (FFO) 5 will have a base issue size of Rs 8,000 crore with an option to retain oversubscription of another Rs 2,000 crore," the official said.

The issue is likely to open on 18 July for anchor investors and on 19 July for other investors, the official added.

Through the earlier five tranches of the CPSE ETF, the government has already raised Rs 38,500 crore -- Rs 3,000 crore from the first tranche in March 2014, Rs 6,000 crore in January 2017, Rs 2,500 crore from the third in March 2017, Rs 17,000 crore in November 2018 and Rs 10,000 crore in March 2019.

The government aims to raise a record Rs 1.05 lakh crore through disinvestment in 2019-20, up from Rs 85,000 crore raised last fiscal.

Updated Date:

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