The Bharat 22 ETF issue has been subscribed over 10 times and the government will retain about Rs. 10,000 crore as divestment proceeds from the additional offering period of the exchange traded fund.
Additional offering of Bharat 22 ETF was opened for a day on Thursday. The base issue size was fixed at ₹3,500 crore.
The issue received overwhelming response from all categories of investors including retail investors. The issue was oversubscribed over 10 times of base issue size till 7 pm and received about Rs. 40,000 crore. The government has decided to retain about Rs. 10,000 crore as its divestment proceeds, said the Finance Ministry.
