Thursday, March 20, 2014

CPSE ETF receives bids of over Rs 1800 crore on the second day of NFO

CPSE Exchange Traded Fund (ETF) has got bids of over Rs 1,800 crore at end of second day with strong response pouring in from retail investors. The scheme was launched on 18 March 2014 to aid government in meeting its divestment target and the government aims to raise Rs 3000 crore from this scheme. The scheme is now open for non-anchor investor and will close on 21 March 2014 for NFO subscriptions. The scheme will re-open for continuous Subscription and Redemption on or before 11 April 2014.