Govt to list Bharat-22 ETF on overseas exchange to raise raise capital

The government is planning to list Bharat-22 ETF on an overseas stock exchange to unlock its value and raise foreign capital. The government has already raised Rs 22,900 crore through two tranches of Bharat-22 Exchange Traded Fund (ETF) in the domestic markets. There have been some initial discussions on whether Bharat-22 ETF can tap the overseas markets, an official told PTI. After the government decides on an overseas listing, the investment bankers would assess investor demand and a final call would then be taken on which stock exchange the ETF is to be listed, the official said. Launched in 2017-18 fiscal, the Bharat 22 ETF, consist of 16 central public sector enterprises (CPSEs), three PSU banks and three private sector companies ITC, L&T and Axis Bank where Specified Undertaking of Unit Trust of India (SUUTI) holds stake. Bharat-22 ETF basket is diversified and there should be investor demand in overseas market, the official added. The state-owned companies or PSUs that .

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