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The Finance Ministry is eyeing about ₹8,000 crore through the launch of follow-on public offer of CPSE exchange-traded fund (ETF) by the end of this month, an official said. The issue will have a greenshoe option for retaining oversubscription, the official added.
This would be the fourth tranche of the CPSE ETF, which comprises shares of 10 bluechip companies. In the earlier three tranches of the ETF, the government had raised ₹11,500 crore.
The Ministry is in the process of rejiging the companies in the ETF and will include four new CPSEs after removing three of the existing companies — GAIL, Engineers India, and Container Corporation of India.
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