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...

Institutional portion fully subscribed, retail 60% covered, wealthy investor portion subscribed just 8% LATEST NEWS :  The Rs 5,700-crore initial public offering (IPO) of ICICI Lombard , the country's largest private sector general insurer, was subscribed 67 per cent a day before its close. The institutional portion of the offering has been fully subscribed, the retail portion has been 60 per cent covered and wealthy investor portion was subscribed just eight per cent. The IPO closes on Tuesday. The price band for the IPO is Rs 651 to Rs 661 per share. At the top-end of the price band, ICICI Lombard, a joint venture between private sector lender ICICI Bank and Canada's Fairfax Financial Holdings, will be valued at nearly Rs 30,000 crore. The entire IPO is offer for sale (OFS) by ICICI Bank and Fairfax, who are offloading their seven per cent and 12 per cent stake respectively. Many brokerages are recommending their clients to subscribe to the IPO for "lon...