Active Stocks
Fri Apr 19 2024 12:05:39
  1. Tata Steel share price
  2. 159.45 -0.34%
  1. Tata Motors share price
  2. 951.95 -2.00%
  1. Infosys share price
  2. 1,399.45 -1.49%
  1. ITC share price
  2. 422.10 0.75%
  1. NTPC share price
  2. 346.00 -1.54%
Business News/ Companies / CPSE ETF: CIL sells `550 crore shares
BackBack

CPSE ETF: CIL sells `550 crore shares

PSU sells 22 million shares

The CPSE ETF gives investors an opportunity to diversify their portfolio through cost-effective investment in blue-chip public sector companies. Photo: Indranil Bhoumik/MintPremium
The CPSE ETF gives investors an opportunity to diversify their portfolio through cost-effective investment in blue-chip public sector companies. Photo: Indranil Bhoumik/Mint

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.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 31 Mar 2014, 11:26 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App