Centre counts on ETF for Rs 6,000-cr disinvestment

The divestment corpus for 2016-17 will climb to Rs 27,000 cr if CPSE ETF sails through successfully

The government plans to launch a second tranche of the CPSE ETF to raise Rs 6,000 crore as part of its divestment programme. The first tranche, to raise Rs 3,000 crore, was launched in 2013-14. CPSE stands for central public sector enterprises, and ETF for exchange-traded fund. CPSE ETF is a basket of 10 public sector undertakings where the government had sold shares in small quantities during the launch. An ETF, or exchange-traded fund, is a marketable security that tracks a basket of assets such as stocks. Unlike mutual funds, it trades like a stock.

According to sources, the core size