Govt offers discount of 2.5% to investors on Bharat 22 ETF Six months after the first further fund offer (FFO) of Bharat 22 ETF, the government has decided to raise some more capital through the ETF route with Bharat 22 ETF. In the latest development, ICICI Prudential MF has announced the FFO of Bharat 22 ETF from June 19 to June 22. Investors will get a discount of 2.5% on the second tranche of Bharat 22 ETF during its FFO. This FFO is part of the government of India's overall disinvestment program, announced earlier by the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, using the ETF route. The AMC proposes to raise up to Rs.6,000 crore in this FFO with an option to retain oversubscription, subject to Government of India’s approval. "The success of Bharat 22 ETF NFO managed by ICICI Prudential AMC highlighted investor confidence in the India growth story as represented by the industry leading stocks of the ETF. The NFO was over...
