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News From Press Second tranche of Bharat-22 ETF on June 19; govt to get up to Rs 8,400 crore

Second tranche of Bharat-22 ETF on June 19; govt to get up to Rs 8,400 crore

Source: The Economic Times Jun 13, 2018

The Finance Ministry will launch the second tranche of Bharat-22 exchange traded fund (ETF) on June 19 which will help raise up to Rs 8,400 crore from the markets.

The issue will open for anchor investors on June 19 and for other institutional and retail investors the next day. The ETF follow on offer will remain open till June 22.

The investors would get a 2.5 per cent discount over the issue price.

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