{"id":720,"date":"2019-10-02T15:19:52","date_gmt":"2019-10-02T15:19:52","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2019\/10\/02\/bharat-22-etfs-4th-tranche-to-open-on-thursday-govt-expects-to-raise-rs-8000-cr\/"},"modified":"2019-10-02T15:19:52","modified_gmt":"2019-10-02T15:19:52","slug":"bharat-22-etfs-4th-tranche-to-open-on-thursday-govt-expects-to-raise-rs-8000-cr","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2019\/10\/02\/bharat-22-etfs-4th-tranche-to-open-on-thursday-govt-expects-to-raise-rs-8000-cr\/","title":{"rendered":"Bharat-22 ETF&#8217;s 4th tranche to open on Thursday; govt expects to raise Rs 8,000 cr"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden size-full wp-image-1724406\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2019\/10\/etf.jpg\" alt=\"Bharat 22 ETF, 4th tranche, Sebi , Exchange Traded Fund,\u00a0ICICI Prudential Mutual Fund,\u00a0ONGC, IOC, SBI, BPCL, Coal India, Nalco,\u00a0Bharat Electronics, Engineers India, NBCC, NTPC, NHPC, SJVNL, GAIL, PGCIL, NLC India, Axis Bank, ITC, L&amp;T\u00a0\" width=\"660\" height=\"440\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2019\/10\/etf.jpg 660w, https:\/\/images.financialexpress.com\/2019\/10\/etf-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/10\/etf-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/10\/etf-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><noscript><img decoding=\"async\" class=\"size-full wp-image-1724406\" src=\"https:\/\/images.financialexpress.com\/2019\/10\/etf.jpg\" alt=\"Bharat 22 ETF, 4th tranche, Sebi , Exchange Traded Fund,\u00a0ICICI Prudential Mutual Fund,\u00a0ONGC, IOC, SBI, BPCL, Coal India, Nalco,\u00a0Bharat Electronics, Engineers India, NBCC, NTPC, NHPC, SJVNL, GAIL, PGCIL, NLC India, Axis Bank, ITC, L&amp;T\u00a0\" width=\"660\" height=\"440\" srcset=\"https:\/\/images.financialexpress.com\/2019\/10\/etf.jpg 660w, https:\/\/images.financialexpress.com\/2019\/10\/etf-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2019\/10\/etf-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2019\/10\/etf-401x267.jpg 401w\" sizes=\"(max-width: 660px) 100vw, 660px\"\/><\/noscript><span class=\"article-caption\">Proceeds from the ETF will help the government meet its disinvestment target of Rs 1.05 lakh crore for the current financial year.<\/span><\/figure>\n<\/div>\n<p>The government will launch the fourth installment of Bharat-22 Exchange Traded Fund (ETF) on Thursday, which is expected to help the exchequer garner up to Rs 8,000 crore from investors. The issue will open for anchor investors on Thursday and for other institutional and retail investors, the next day, according to scheme information document filed by ICICI Prudential Mutual Fund, which manages Bharat-22 ETF.<\/p>\n<p>The investors would get a 3 per cent discount over the issue price. \u201cThe offer is likely to have a base issue size of Rs 2,000 crore, with a greenshoe option to retain another Rs 6,000 crore, taking the total amount to Rs 8,000 crore,\u201d a source privy to the development said. The decision has been taken after receiving robust response for earlier stake sale by the government in the product.<\/p>\n<p>The government has so far raised around Rs 35,900 crore through Bharat-22 ETF \u2014 Rs 14,500 crore was garnered in November 2017, another Rs 8,400 crore was mopped up in June 2018 and Rs 13,000 crore in February this year. Proceeds from the ETF will help the government meet its disinvestment target of Rs 1.05 lakh crore for the current financial year.<\/p>\n<p>The central public sector enterprises that are part of the Bharat-22 ETF include ONGC, IOC, SBI, BPCL, Coal India and Nalco. Bharat Electronics, Engineers India, NBCC, NTPC, NHPC, SJVNL, GAIL, PGCIL, NLC India, Axis Bank, ITC and L&amp;T are the other constituents.<br \/>Only three public sector banks \u2014 SBI, Indian Bank and Bank of Baroda \u2014 figure in the Bharat-22 index. ICICI Prudential Mutual Fund had filed the draft papers regarding the issue with capital markets regulator Sebi in September.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Proceeds from the ETF will help the government meet its disinvestment target of Rs 1.05 lakh crore for the current financial year. The government will launch the fourth installment of Bharat-22 Exchange Traded Fund (ETF) on Thursday, which is expected to help the exchequer garner up to Rs 8,000 crore from investors. The issue [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":721,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-720","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/720","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=720"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/720\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/721"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=720"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=720"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=720"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}