News From Press Bharat 22 ETF subscribed 2.6 times, investors put in bids worth Rs 15,436 crore

Bharat 22 ETF subscribed 2.6 times, investors put in bids worth Rs 15,436 crore

Source: The Economic Times Jun 26, 2018

The Further Fund Offer (FFO) of BHARAT 22 ETF was subscribed approximately 2.57 times the initial issue size. It received applications aggregating Rs 15,436 crore in four day FFO period. The FFO is a part of the Government of India’s divestment programme.

The Anchor investor category is subscribed 3.44 times raising approx. Rs 5,163 crore. Non-anchor investors raised approx. Rs 10,273 crore.

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