Sunday, July 08, 2012

ETF for PSU Stake sale


The Finance Ministry is mulling setting up of an exchange traded fund (ETF) for selling shares of state-owned companies as part of steps to meet the disinvestment target of Rs 30,000 crore in the current fiscal.

"The Disinvestment Department is considering setting up of an exchange traded fund in the format of Hong Kong Tracker Fund and has floated a concept note for implementing it," a top official in the Ministry told PTI.











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