CPSE ETF sees demand of Rs 40,000 crore, oversubscribed 5 times

The disinvestment plan of the Centre is off to a flying start, with the CPSE ETF getting subscribed five times. According to people in the know, the ETF received subscription for more than Rs 40,000 crore as against the base issue size of Rs 8,000 crore, till 5:00pm on Friday. 

The people added that the Centre may exercise its green shoe option of more than Rs 3,000 crore to retain the additional funds that came over and above the base issue size. 

The sixth tranche of the CPSE ETF opened for the anchor book on Thursday. This was subscribed more than eight