 "ETF| Illustration: binay sinha")
The government has raised Rs 4,368 crore through the fourth tranche of the Bharat-22 exchange traded fund (ETF). The further fund offer-2 (FFO-2) of the Bharat-22 ETF was subscribed 12 times over its base issue size of Rs 2,000 crore, as it received bids for Rs 24,000 crore worth of units.
According to officials at the Department of Investment and Public Asset Management (Dipam), the government has decided to exercise its green-shoe option and retain Rs 4,368 crore of the overall bids received over the two days.
A note issued by ICICI Mutual Fund (MF), which manages the Bharat-22 ETF, said the
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