The government undertook three back-to-back tranches of stake sale
The offering generates demand worth Rs 250 bn, says government official
Of the total, 65% demand came from FPIs
Public offering of rejigged CPSE ETF to hit markets by end-November
The ministry has removed three of the existing companies GAIL, Engineers India Ltd (EIL) and Container Corporation of India in the ETF basket
Oil and Natural Gas Corporation, Coal India, Indian Oil and GAIL (India) together constitute more than 75 per cent of the CPSE ETF
Through the three tranches of CPSE ETF, the government has already raised Rs 115 billion
Officials said three PSUs or more would be included in the CPSE ETF basket to replace GAIL, EIL and Container Corp
A final call would be taken by the inter-ministerial panel, chaired by the Union Finance Minister
The first CPSE ETF basket had 10 stocks, mostly drawn from the minerals and energy sectors
CPSE ETF is an index of 10 state-run companies, including Coal India, ONGC and Oil India
Discussion between the centre and ICICI Mutual Fund, on constituent stocks of ETF are in final stage
Government to get Rs 6,000 cr as disinvestment proceeds
CPSE ETF is government's disinvestment plan aimed at narrowing Asia's widest fiscal deficit
The exchange-traded fund receives bids worth Rs 6,000 crore against Rs 1,500 crore on offer
Its portfolio is heavy in a few stocks & sectors, whose performance can impact returns considerably