Home >market >stock-market-news >Govt transfers Coal India shares to Bharat 22 ETF

New Delhi: The government has transferred Coal India shares worth nearly Rs507 crore to Bharat 22 ETF, accroding to a regulatory filing on Monday.

“The Ministry of Coal...on behalf of the President of India has transferred 1,92,99,613 equity shares to ‘Bharat 22 ETF’ at a value of Rs5,06,51,14,597, which is 0.31% of total equity share capital of the company," Coal India Ltd said in a filing to BSE. “Post transfer, holding of President of India is 4,875,671,716 equity shares, which is 78.546% of equity share capital of the company," the filing said.

The Bharat 22 Exchange Traded Fund (ETF), comprising scrips of 22 blue-chip companies, this month attracted robust bids, with the portion reserved for anchor investors getting subscribed six times to the tune of 2,000 crore on the opening day. The ICICI Prudential MF-managed Bharat 22 ETF’s new fund offer (NFO) has a size of over 8,000 crore.

Subscribe to newsletters
* Enter a valid email
* Thank you for subscribing to our newsletter.

Click here to read the Mint ePaperLivemint.com is now on Telegram. Join Livemint channel in your Telegram and stay updated

My Reads Logout