Retail investors to receive almost half of Rs. 6,000 crore CPSE ETF
Jan 25 2017
News Category: Industry Update
As per media reports, retail investors are set to acquire almost half of the Rs. 6,000 crore in the second tranche of the Central Public Sector Enterprises - exchange traded fund (CPSE ETF). While it opened for subscription last week with the issue size of Rs. 6,000 crore, it was over-subscribed by 2.3 times, with bids worth Rs. 13,802 crore. The government has received Rs. 30,000 crore, along with ETF proceeds, from public sector undertaking (PSU) disinvestment this financial year.