News From Press Bharat-22 ETF follow-on offer could be worth Rs 10,000 crore

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

Source: PTI/The Economic Times Apr 18, 2018

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 -- ITCNSE 1.19 %, Axis BankNSE -1.84 % and L&T, an official told PTI.

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