Dear Investor,
We wish to inform you that Government of India is selling its stake in select Navratnas & Maharatnas (PSU) at a 3.5% discount through FFO 2 of CPSE ETF.
The key details in this context are given below:
Name of seller: The President of India, acting through and represented by the Ministry of Urban Development, Government of India
Name of Fund proposed to be sold: CPSE ETF
Name of stock exchanges where orders shall be placed: NSE
Date and time of opening the offer for Retail investors: March 15, 2017 at 9.15 a.m.
Date and time of closing the offer for Retail investors: March 17, 2017 at 3.30 p.m
Date and time of opening of offer for Non-Retail investors: March 14, 2017 at 9.15 a.m
Date and time of closing of offer for Non-Retail investors: March 14, 2017 at 3.30 p.m.
Floor Price: Offer of Units of Rs.10/- each (i.e. face value) for cash (on allotment, the value of each unit would be approximately 1/100th of the value of Nifty CPSE Index) to be issued at a premium, if any, approximately equal to the difference between face value and FFO 2 Allotment Price during the Further Fund Offer 2 (FFO 2) and at NAV based prices thereafter
Retail Discount: Discount of 3.5 % on the FFO 2 Reference Market Price of the uderlying shares of Nifty CPSE Index shall be offered to FFO 2 by Government of India.
The announcement made by Government of India in this context is available at
If you wish to participate in this offer, please contact a SEBI registered stock broker.
Regards,
NSDL
NSDL
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