Bharat-22 ETF follow-on offer could be worth Rs 10,000 cr


Bharat-22 ETF follow-on offer could be worth Rs 10,000 cr

The Finance Ministry may come out with a Rs 10,000-crore follow-on fund offer of the Bharat-22 exchange traded fund (ETF) as it looks to dilute stake in Coal India to meet the minimum public holding norm.

Besides, the ministry is keen to take the ETF route to sell off government shares held through SUUTI in private companies — ITC, Axis Bank and L&T, an official told PTI.

The government had in November last year launched Bharat-22 ETF comprising shares of 22 companies, including public sector undertakings (PSUs), public sector banks, ITC, Axis Bank and L&T. Read More

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