CPSE ETF additional sale next week, govt to raise at least Rs 3,500 crore

The government is planning to launch an additional offering of CPSE ETF next week, seeking to raise at least Rs 3,500 crore, sources said.

The issue is expected to be open for subscription between March 19 and 22. The first day will be for anchor investors, while the following days (March 21 is a market holiday) will be open for subscription for public investors.

The ETF is expected to offer a discount to the investors like it has done in the past. However, the discount could not be ascertained. The government’s disinvestment proceeds have touched Rs 56,473 crore in the current fiscal