Disinvestment of CPSEs - About Rs 31K Crore mobilised vide ETF
Published: Mar 03, 2020
By TIOLCORPLAWS News Service
NEW DELHI, MARCH 03, 2020: DURING the current financial year, through the ETF mode, Further Fund Offer (FFO) - 5 and FFO-6 of CPSE-ETF yielded Rs 10,000.39 crore and Rs 16,500 crore in July 2019 and January 2020 respectively. FFO-2 of Bharat-22 ETF fetched Rs 4,368 crore in October 2019. In aggregate, ETFs have yielded Rs. 30,868.39 crore in 2019-20. This was stated by Mr Anurag Singh Thakur, Union Minister of State for Finance & Corporate Affairs, in a written reply to a question in Lok Sabha today.
Giving more details, Mr Thakur stated that the policy of disinvestment of minority stake without transfer of management control is being followed through various SEBI-approved methods such as Initial Public Offer (IPO), Offer for Sale (OFS), Buyback of shares and Exchange Traded Funds (ETFs) offers. Disinvestment is an ongoing process. Timing of disinvestment transaction depends on the prevailing market condition and the investors' interest.
Mr Thakur further said that at present, Bharat 22 ETF consists of equity of 15 CPSEs, 3 PSU banks and 3 private companies. The net shares of Govt. in CPSEs included in the Bharat-22 ETF are given below:
|
Serial No. |
CPSEs |
Net share of Govt. of India |
| 1 |
Bharat Electronics Ltd |
51.13% |
| 2 |
Bharat Petroleum Corp Ltd |
52.98% |
| 3 |
Coal India Ltd |
66.14% |
| 4 |
Engineers India Ltd |
51.50% |
| 5 |
Gail India Ltd |
51.76% |
| 6 |
Indian Oil Corp Ltd |
51.50% |
| 7 |
National Aluminium Co Ltd |
51.50% |
| 8 |
NBCC (India) Ltd |
61.75% |
| 9 |
NHPC Ltd |
70.95% |
| 10 |
NLC India Ltd |
79.20% |
| 11 |
NTPC Ltd |
51.02% |
| 12 |
Oil & Natural Gas Corp Ltd |
60.41% |
| 13 |
Power Finance Corp Ltd |
55.99% |
| 14 |
Power Grid Corp of India Ltd |
51.34% |
| 15 |
SJVN Ltd |
59.92% |
