Reliance Mutual CPSE ETF listed on the bourses

Chennai, Jan 31 (IANS) The Reliance Nippon Life Asset Management (Reliance Mutual Fund) managed Central Public Sector Enterprises Exchange Traded Fund’s (CPSE ETF) second tranche got listed on the bourses on Tuesday.

The further fund offer (FFO)in CPSE ETF was part of the government’s larger disinvestment programme announced by the Ministry of Finance.

The issue got overwhelming response with bids worth over Rs 13,800 crore and the units were allotted at a price of Rs 25.21 to the investors.

“Privileged to have been part of Government’s successful and value creating disinvestment exercise through ETFs that got listed today. Thankful to all investors that participated, especially retail investors that participated aggressively from all parts of the country,” said Sundeep Sikka, Executive Director and Chief Executive Officer, Reliance Mutual Fund.