NEW DELHI: The sixth tranche of CPSE ETF was lapped up by both institutional and retail investors who put in bids worth over ₹40,000 crore, as against the base issue size of ₹8,000 crore. "CPSE ETF FFO 5 oversubscribed by more than 5 times. The government is looking to raise up to ₹10,000 crore through the follow-on fund offer (FFO) of CPSE Exchange Traded Fund (ETF). The base issue size of the FFO was ₹8,000 crore with an option to retain oversubscription of another ₹2,000 crore. CPSE ETF FFO 5 oversubscribed by more than 5 times.

Source: Mint July 19, 2019 16:07 UTC