The Finance ministry will launch the second tranche of Bharat-22 exchange traded fund (ETF) on June 19.
The issue will open for anchor investors on June 19 and for other institutional and retail investors on June 20. The ETF follow on offer will remain open till June 22. This offer will help in raising up to Rs.8,400 crore from the markets. The investors will get a 2.5% discount over the issue price.
As per a finance ministry official, “The government is aiming at mopping up Rs.6,000 crore, with a green-shoe option to retain another Rs.2,400 crore from the Bharat-22 ETF follow on offer to be launched on June 19.”