New Delhi: The third sale of government’s exchange traded fund of top 10 state-owned companies on Tuesday attracted robust bids with the portion reserved for anchor investors getting subscribed over 7.5 times to the tune of Rs5,700 crore on the opening day.
The Reliance Mutual Fund-managed Central Public Sector Enterprises – Exchange Traded Fund (CPSE ETF) has Further Fund Offer (FFO) size of Rs2,500 crore.
As much as 30% of total issue size, or Rs750 crore, was reserved for anchor investors who put in bids worth about Rs5,700 crore today, a top official said.
Foreign institutions like BNP Paribas, Morgan Stanley, SocGen, CitiGroup and domestic investors like LIC, Exide Insurance, SBI Bank, Axis Bank and Canara Bank put in bids.
