BHARAT-22 ETF Current Affairs - 2020

Second tranche of Bharat-22 ETF oversubscribed, receives bids worth Rs 15,436 crore

The second tranche of Bharat-22 Exchange Traded Fund (ETF), comprising shares of 22 companies, has received bids worth Rs. 15,436 crore, much higher than government’s fund raising target. The second tranche was targeted to achieve fund mop up of Rs 6,000 crore with green-shoe option for another Rs. 2,400 crore. Key Facts At the end Read More…

Bharat-22 ETF follow-on offer may be worth Rs. 10,000 crore

The Union Finance Ministry may come out with Rs. 10,000 crore follow-on fund offer of Bharat-22 exchange traded fund (ETF) as it looks to dilute stake in Coal India Limited (CIL) to meet the minimum public holding norm. Besides, it is also keen to takeETF route to sell off government shares held through  Specified Undertaking Read More…

Government launches BHARAT-22 Exchange Traded Fund

The Union Government launched BHARAT-22 Exchange Traded Fund (ETF) managed by ICICI Prudential Mutual Fund targeting an initial amount of about Rs. 8,000 Crore. Bharat 22 Index comprise of 22 stocks including those of central public sector enterprises (CPSEs), public sector banks (PSBs) and its holdings under the Specified Undertaking of Unit Trust of India Read More…