News From Press Bharat 22 ETF subscribed 3.4 times by anchor investors

Bharat 22 ETF subscribed 3.4 times by anchor investors

Source: The Economic Times Jun 21, 2018

The second tranche of Bharat-22 ETF follow-on offer was lapped up by institutional investors today, with the portion reserved for anchor bidders getting subscribed 3.44 times to the tune of Rs 5,163 crore.

The government today launched the follow-on fund offer (FFO) of Bharat-22 Exchange Traded Fund (ETF), comprising shares of 22 companies, to raise up to Rs 8,400 crore from the market.

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