New Delhi: The government is planning to raise up to 10,000 crore from the sixth tranche of CPSE ETF which would be launched on 18 July, an official said.

The CPSE Exchange Traded Fund (ETF) tracks shares of 11 Central Public Sector Enterprises (CPSEs) — ONGC, NTPC, Coal India, IOC, Rural Electrification Corp, Power Finance Corp, Bharat Electronics, Oil India, NBCC India, NLC India and SJVN.

“The follow-on fund offer (FFO) 5 will have a base issue size of 8,000 crore with an option to retain over subscription of another 2,000 crore,” the official said.

The issue is likely to open on 18 July for anchor investors and on 19 July for other investors, the official added.

Through the earlier five tranches of the CPSE ETF, the government has already raised 38,500 crore — 3,000 crore from the first tranche in March 2014, 6,000 crore in January 2017, 2,500 crore from the third in March 2017, 17,000 crore in November 2018 and 10,000 crore in March 2019.

The government aims to raise a record 1.05 lakh crore through disinvestment in 2019-20, up from 85,000 crore raised last fiscal.

This story has been published from a wire agency feed without modifications to the text. Only the headline has been changed.

 

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