CPSE ETF: CIL sells `550 crore shares
PSU sells 22 million shares
New Delhi: Coal India Ltd (CIL) has sold shares worth over 550 crore towards the Central Public Sector Enterprises (CPSE) exchange traded fund (ETF) as part of the government’s disinvestment programme.
The public sector undertaking (PSU) has sold 22 million shares amounting to 550.6 crore, Coal India said in a filing to BSE. The ETF gives investors an opportunity to diversify their portfolio through cost-effective investment in blue-chip public sector companies across sectors at a 5% discount.
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