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TMI BlogFurther Fund Offer of Bharat – 22 ETF has been a resounding success with strong participation of FIIsX X X X Extracts X X X X X X X X Extracts X X X X ..... Further Fund Offer of Bharat – 22 ETF has been a resounding success with strong participation of FIIs - News and Press Release Dated:- 23-6-2018 - News - The Further Fund Offer (FFO) of Bharat 22 Exchange Traded Fund (ETF), managed through ICICI Prudential Fund was successfully launched by the Government of India in pursuance of its disinvestment policy targeting an initial amount of ₹ 6,0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 00 crore. 2.The Bharat 22 Exchange Traded Fund (ETF) comprises of top performing 16 CPSEs covering six sectors, three Public Sector Banks and three private companies where SUUTI has stakes. The Bharat 22 ETF was initially launched by the Government in financial year 2017-18. This is the first FFO of the said ETF. 3.The units of the scheme will be allotted to various category o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f investors including Anchor Investors, Retail Institutional Investors, Retirement Funds, Qualified Institutional Buyers (QIBs) and Non Institutional Investors. 4. The issue was opened on 19th June, 2018 for the Anchor Investors and from 20th June 2018 to 22nd June, 2018 for the non anchor investors. The issue seen resounding success with the FFO attracting applications aggregating nearl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... y ₹ 14,000 crore. The issue saw wide participation from the Foreign Institutional Investor under the Anchor and QIB category. The Government of India reserves the right to retain the oversubscribed portion to the extent of ₹ 2,400 crore. 5.The initial FFO size was 6000 crore and thus the issue has been subscribed by more than 2.3 times the initial size. 6.With more ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... than one lakh retail applications received, GoI s FFO of BHARAT 22 ETF witnessed wide retail participation. In the Anchor Investor category the offering was subscribed 3.4 times raising more than ₹ 5,000 crore. For the Non Anchor Investor, an amount of more than ₹ 9,000 crore has been subscribed. Despite the challenging market in the year 2018 the ETF has garnered very strong subscript ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion with encouraging response from FIIs (who have subscribed to the extent of ₹ 7,500 crore). - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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