 "Second CPSE ETF to be more diversified")
The Centre has managed to raise Rs 170 billion through the fourth tranche of the CPSE ETF, a fund that comprises 11 state-owned firms. Senior government sources said the follow-on fund offering (FFO) saw subscription worth Rs 250 billion, of which the government decided to retain Rs 170 billion.
The CPSE ETF had a base issue size of Rs 80 billion, with a green-shoe option to retain an additional subscription of Rs 60 billion. However, gauging higher demand, the Centre enhanced the issue size to Rs 170 billion.
People in the know said the offering saw broad-based participation from mutual
