The government is planning to raise about Rs 10,000 crore through a follow on offer of Bharat-22 ETF in February, an official said. “Plans are on for launching the third tranche of Bharat-22 ETF around February. The offer is likely to have a base issue size of Rs 5,000 crore, with a green-shoe option to retain an over-subscription of equal amount, taking the total issue size to Rs 10,000 crore,” the official told PTI. The government has so far raised Rs 22,900 crore through the Bharat-22 exchange traded fund (ETF). While Rs 14,500 crore was raised in November 2017, another Rs 8,400 crore was raised in June 2018. The official said there would be a need to rebalance the ETF after the third tranche as the government holding in certain CPSEs in the basket could fall below 53 per cent.
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