News From Press Bharat-22 ETF 4th tranche may hit market in Oct

Bharat-22 ETF 4th tranche may hit market in Oct

Proceeds from the ETF will help the government meet its disinvestment target of Rs 1.05 lakh crore for the current fiscal.

Economic Times Sep 20, 2019

The government is likely to launch the fourth tranche of Bharat-22 ETF next month with ICICI Prudential Mutual Fund filing draft papers with markets regulator Sebi.

The decision has been taken after receiving robust response for earlier stake-sale by the government in the product.

The government has so far raised Rs 26,400 crore through the Bharat-22 Exchange Traded Fund -- Rs 14,500 crore was garnered in November 2017, another Rs 8,400 crore was mopped up in June 2018 and Rs 3 ..

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