The government is planning to raise about Rs 10,000 crore through a follow on offer of Bharat-22 ETF in February, an official said. "Plans are on for launching the third tranche of Bharat-22 ETF around February. The government has so far raised Rs 22,900 crore through the Bharat-22 exchange traded fund (ETF). While Rs 14,500 crore was raised in November 2017, another Rs 8,400 crore was raised in June 2018. As against the budgeted disinvestment target of Rs 80,000 crore, the government has so far raised Rs 34,000 crore by selling minority stake in CPSEs and ETFs.

Source: dna December 16, 2018 05:03 UTC