Govt to open follow on offer of CPSE ETF on Jan 17; aims to fetch Rs 6000 crore

Government on Tuesday said that it is set to open follow on offer of central public sector entreprises (CPSEs) exchange-traded fund (ETF) on January 17 to January 20.

This is likely to fetch around Rs 6,000 crore to the exchequer, a PTI report said.

CPSE ETF was launched in March 2014 comprising 10 PSUs under which retail investors have to invest a minimum of Rs. 5,000 to buy units. It had then garnered Rs. 3,000 crore to the exchequer.

Last week, Ministry of Finance had said that so far  in the current financial year, the government has realised Rs 23528.73 crore, which include Rs 21,432.38 crore through minority stake sale in 14 CPSEs and Rs 2096.35 crore through strategic disinvestment.  

For the current fiscal, the government's disinvestment target was estimated at Rs 56,500 crore comprising Rs 36,000 crore from disinvestment of CPSEs and Rs 20,500 crore from strategic disinvestment.