The government is planning to sell 5% stake in Steel Authority of IndiaLtd (SAIL) through an offer for sale, which could fetch about `1,000 crore to the exchequer. The Department of Investment and Public Asset Management (DIPAM) and steel ministry are planning roadshows in Singapore and Hong Kong for SAIL stake sale.
Bharat Bond Exchange Traded Fund (ETF), the country’s first corporate bond exchange traded fund aimed to retail investors, saw a strong response, with the issue getting subscribed around 1.7 times. India’s first corporate bond ETF, Bharat Bond ETF, has received a great response from investor across different segments. The issue was over subscribed approximately 1.7 times collecting about ₹12000 crore. The ETF offer, which closed on Friday, had a base issue size of ₹7,000 crore.
