
Bharat 22 ETF’s fourth tranche subscribed 12 times
The top five holdings are L&T, ITC, SBI, Axis Bank and NTPC, that account for 56% of the portfolio.
The top five holdings are L&T, ITC, SBI, Axis Bank and NTPC, that account for 56% of the portfolio.
Fourth tranche gets 12x subscription, receiving bids for Rs 24,000 crore of units
In the anchor investor category, the offering was subscribed 27 times raising more than Rs 13,500 crore.
In the anchor investor category, the offering was subscribed 27 times raising more than Rs 13,500 crore.
Proceeds from the ETF will help the government meet its disinvestment target of Rs 1.05 lakh crore for the current financial year.
The ETF issue that opened on Thursday received subscriptions from investors like mutual funds, foreign portfolio investors, and insurance funds.
The issue opens for anchor investors on Thursday and for other institutional and retail investors, the next day.
The government has so far raised around Rs 35,900 crore through Bharat-22 ETF.
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