CPSE FFO 5 oversubscribed
Update: 2019-07-20 00:44 IST
Mumbai: The sixth tranche of Central Public Sector Enterprise (CPSE) (ETF) opens and closes for retail investors on Friday.
The issue opened and closed for Anchor Investors on Thursday, when the CPSE ETF Further Fund Offer or FFO 5 anchor book was oversubscribed 8.33 times.
Reliance Nippon Life Asset Management (RNAM) Limited managed the 6th tranche of CPSE ETF FFO 5 for Anchor Investors.
Sources said against the Anchor base issue size of Rs 2,400 crore (considering the total base issue size of Rs 8,000 crore), RNAM received Anchor subscription worth Rs 19,980.32 crore leading to Anchor portion being oversubscribed 8.33 times.