Government To Launch Sixth CPSE ETF On July 18 To Raise Rs 10,000 Crore
The Bombay Stock Exchange in Mumbai. The government has garnered Rs 38,000 crore from the previous five tranches of the CPSE ETF. (Photographer: Dhiraj Singh/Bloomberg)

Government To Launch Sixth CPSE ETF On July 18 To Raise Rs 10,000 Crore

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

The CPSE ETF will have a base issue size of Rs 8,000 crore with an option to retain over subscription of another Rs 2,000 crore," the official said. The issue date is July 18 for anchor investors and July 19 for other investors, the official added.

The government has garnered Rs 38,000 crore from the previous five tranches of the CPSE ETF. It aims to raise a record Rs 1.05 lakh crore through disinvestment in 2019-20, up from Rs 85,000 crore raised last fiscal, Finance Minister Nirmala Sitharaman said in her budget speech on July 5.

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