Govt gets Rs 10,000 crore from additional offering of Bharat-22 ETF


Govt gets Rs 10,000 crore from additional offering of Bharat-22 ETF

The government has raised Rs 10,000 crore by additional offering of Bharat-22 Exchange Traded Fund (ETF) on Thursday. The additional ‘on-tap’ offering of Bharat-22 ETF was opened for a single day with a base issue size of Rs 3,500 crore and an option to retain over-subscription.

The issue was over-subscribed 10 times and received bids for Rs 4,00,000 crore till 7pm. Bids will pour in till 8pm, the Finance Ministry said.

“The Bharat-22 ETF issue received overwhelming response from all categories of investors including retail investors. The Government has decided to retain approximately Rs 10,000 crore as its divestment proceeds,” the ministry said in a statement. Read More

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