Markets

Reliance MF CPSE ETF issue gets oversubscribed by four times

PTI Mumbai | Updated on January 12, 2018 Published on January 17, 2017

Reliance Mutual Fund CPSE ETF issue, which was opened for Anchor investors today, got oversubscribed by over 4 times, raising Rs 6,000 crore, by anchor investors.

The issue saw anchor investors putting in Rs 6,000 crore against Rs 1,500 crore reserved for them. Nomura, Morgan Stanley, SBI, LIC, Axis Bank and Birla MF are some of anchor investors for the issue which had base size of Rs 4,500 crore with provision to retain over—subscription of upto Rs 1,500 crore.

“We are overwhelmed by the response received from investors across all categories today. The issue saw very strong participating from the private sector, in addition to government participation, on the first day itself and we are hopeful of strong momentum in the retail category that opens tomorrow”, Reliance Mutual Fund chief executive Sundeep Sikka said in a statement.

Published on January 17, 2017
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