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"Ministry of Coal... on behalf of the President of India has transferred 39,74,665 equity shares to 'Bharat 22 ETF' at a value of Rs 39,39,98,737 which is 0.26 per cent of total equity share capital of the company," NLC India said in a filing to BSE.
After the transfer, the shareholding of the President is 128,46,03,208 shares, which is 84.04 per cent of equity shares of the company, the filing said.
On November 20, the government raised Rs 14,500 crore through the sale of blue-chip shares of PSUs via its newest exchange traded fund (ETF), Bharat-22, which received bids of about Rs 32,000 crore, a mutual fund record.
The government had launched the Bharat-22 ETF in August and had planned to raise Rs 8,000 crore, with an option to retain over-subscription. The first tranche of the new fund offer opened for retail investors on November 15 and closed on November 17.
The ICICI Prudential MF-managed Bharat 22 ETF's new fund offer (NFO) has a size of over Rs 8,000 crore.