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
Latest posts by ET Energy World (see all)
- Old oil blocks to get tax sops even if ouput delayed - June 19, 2019
- OVL, partners agree to invest $20 bn in Mozambique LNG project - June 19, 2019
- BHEL commissions unit-1 of 336-MW Chhukha Hydro Electric project in Bhutan - June 19, 2019