Snehal khanna Blog

The ETF will invest in 22 stocks from CPSE, SUUTI and PSU Banks listed on BSE of which 19 will be public sector companies LATEST NEWS  : The 'Bharat 22' Exchange Traded Fund (ETF) is all set to open for anchor investors on November 14, while subscription for retail investors would begin from November 15 and continue till November 17. The ETF is expected to mop up over Rs 8,000 crore for the government, helping the government meet its ambitious Rs 72,500 crore disinvestment target for the current fiscal. The ETF will invest in 22 stocks from CPSE, SUUTI and PSU Banks listed on BSE of which 19 will be public sector companies. The first CPSE (Central Public Sector Enterprises) ETF, which was launched in March 2014 consisted of scrips of 10 PSUs - ONGC, Coal India, IOC, GAIL (India), Oil India, PFC, Bharat Electronics, REC, Engineers India and Container Corporation of India. The government has raised Rs 8,500 Cr through CPSE ETF route last fiscal. All you...

Bharat Forge, BHEL, Bharat Electronics and Manpasand Beverages have announces bonus shares today. LATEST NEWS    :   Four companies – Bharat Forge, Bharat Heavy Electricals Limited (BHEL)  , Bharat Electronics and Manpasand Beverages – have announced bonus shares on Thursday. The board of directors of Bharat Forge and Manpasand Beverages have recommended issuing bonus shares to holders of equity shares of the companies in the ratio of 1:1 i.e. one bonus equity share for every one fully paid-up equity shares held. BHEL, the state-owned company, recommended issue of bonus shares to the members of the company by capitalisation of its free reserves in the ratio of 1 bonus equity share for every 2 existing equity shares. BEL approved the proposal for issue of bonus shares in the ratio of 1:10 i.e. one bonus share for every 10 shares held. Except, Manpasand Beverages (up 2% at Rs 784), the remaining three stocks BHEL (down 4% at Rs 128), BEL ...