Fresh CPSE ETF opens on March 19, to raise Rs 5000 crore
The Department of Investment and Public Asset Management (DIPAM) is slated to launch a fresh tranche of CPSE ETF on March 19, aiming to raise Rs 4,500-Rs 5,000 crore to inch closer towards the sell-off target of Rs 80,000 crore.
The Exchange Traded Fund (ETF) sale through follow-on fund offer (FFO) will have an option of retaining up to Rs 5,000 crore via greenshoe option, sources said on Tuesday. Image source: Reuters