Fourth tranche of Bharat-22 ETF: Anchor investors put in Rs 13,500-cr bids, subscription soars 27 times
The ETF issue that opened on Thursday received subscriptions from investors like mutual funds, foreign portfolio investors, and insurance funds
An exchange-traded fund (ETF) is a basket of securities that trade on an exchange, just like a stock.
The government is working on a proposal to extend tax benefits to retail investors in its two exchange traded funds - CPSE and Bharat-22 ETF
Finance Ministry starts consultation with investors to launch global Exchange Traded Fund in current fiscal
ETFs function like a mutual fund scheme and have underlying assets of government-owned companies.
The finance ministry is mulling launching an exchange-traded fund consisting of PSU bank stocks in the next financial year
This would be the fourth tranche of the CPSE ETF, which comprises shares of 10 bluechip companies.
The government on Tuesday launched the follow-on fund offer (FFO) of Bharat-22 Exchange Traded Fund (ETF), comprising shares of 22 companies, to raise up to Rs 8,400 crore from the market
The issue will open for anchor investors on 19 June and for other institutional and retail investors the next day
Bharat 22 ETF: Govt raises Rs 14,500 cr; fund sees Rs 32,000 cr bids, so far Rs 52,000 cr garnered via divestment
In Bharat 22 ETF, as much as 25 percent of total issue size, or Rs 2,000 crore, was reserved for anchor investors who put in bids worth about Rs 12,000 crore
In Bharat 22 ETF, shares of government companies represent 6 core sectors of economy
Bharat 22 ETF to debut on Tuesday; aims to raise Rs 8,000 cr, to be part of Rs 72,500 cr divestment plan
Bharat 22 ETF is a part of government's overall disinvestment programme which seeks to raise Rs 72,500 crore