News From Press Bharat-22 follow-on offer attracts Rs. 14,000 crore

Bharat-22 follow-on offer attracts Rs. 14,000 crore

Source: The Hindu Jun 23, 2018

The further fund offer (FFO) of Bharat-22 ETF has been a resounding success with strong participation of foreign institutional investors (FIIs) and good retail investor interest.

The FFO was subscribed more than 2.33 times the targeted initial amount of Rs. 6,000 crore, attracting applications for an amount of Rs. 14,000 crore, an official release said.

The issue opened on June 20 and closed on June 22 for non-anchor investors.

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