Centre gets Rs 14,500 crore from Bharat-22 ETF, issue subscribed 4 times

Govt Rs 20,000 cr short of disinvestment target with four months of FY18 left

The government’s Bharat-22 exchange traded fund (ETF) has garnered Rs 14,500 crore, officials said on Monday. 

With this, the Centre’s disinvestment proceeds for 2017-18 has reached Rs 52,500 crore, higher than the 2016-17 revised estimate of Rs 45,500 crore, and Rs 20,000 crore short of this year’s budgeted estimate of Rs 72,500 crore. Four more months are still left for the financial year to end.

The new fund offer of (NFO) of Bharat ETF was subscribed four times and saw demand worth nearly Rs 32,500 crore, Department of Investment and Public Asset Management (DIPAM) Secretary Neeraj Gupta said in a