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  • News From Press CPSE ETF additional sale on March 19, govt to raise over ₹3,500 crore

    CPSE ETF additional sale on March 19, govt to raise over ₹3,500 crore

    Source: Mint Mar 13, 2019

    The government is likely to launch an additional offering of CPSE-Exchange Traded Fund (ETF) on March 19 to raise at least ₹3,500 crore, officials said Tuesday.

    The ETF sale through follow-on fund offer (FFO) will come with the option of retaining up to ₹5,000 crore through green shoe option, they said.

    "The additional offering of ETF would be on March 19. The base issue size has been fixed at ₹3,500 crore, with an option to retain additional subscription," the officials said.

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