Govt targets Rs 4,000 crore through additional Bharat-22 ETF sale

There could also be offers-for-sale for a number of state-owned companies and initial public offerings of companies

The government will on Thursday launch yet another offering of its flagship exchange-traded fund (ETF) — Bharat-22 — to meet the divestment target of Rs 80,000 crore. The additional sale is expected to raise around Rs 4,000 crore, sources said.
 
This comes alongside a sale of the Centre’s stake in Axis Bank, and buybacks from a number of state-owned companies.
 
There could also be offers-for-sale (OFSs) for a number of big state-owned companies, including Oil and Natural Gas Corporation (ONGC) and Oil India, and initial public offerings of companies like Mazagon Dock and MSTC.
 
The additional sale