New Delhi, October 2
The government will launch the fourth instalment of Bharat-22 Exchange Traded Fund (ETF) tomorrow, which is expected to help the exchequer garner up to Rs 8,000 crore from investors.
The issue will open for anchor investors on Thursday and for other institutional and retail investors, the next day, according to scheme information document filed by ICICI Prudential Mutual Fund, which manages Bharat-22 ETF.
The investors would get a 3% discount over the issue price.“The offer is likely to have a base issue size of Rs 2,000 crore, with a greenshoe option to retain another Rs 6,000 crore, taking the total amount to Rs 8,000 crore,” a source privy to the development said.
The decision has been taken after receiving robust response for earlier stake sale by the government in the product. — PTI
from The Tribune https://ift.tt/2nQ1NOi
via Today’s News Headlines
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