9911796707
TMI BlogCabinet approves alternative mechanism for creation and launch of a New Exchange Traded FundX X X X Extracts X X X X X X X X Extracts X X X X ..... Cabinet approves alternative mechanism for creation and launch of a New Exchange Traded Fund X X X X Extracts X X X X X X X X Extracts X X X X ..... y the Prime Minister Shri Narendra Modi has authorized the Alternative Mechanism on the following: i. To take decision for divestment through Exchange Traded Fund (ETF) out of all the listed CPSEs in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cluding CPSEs listed subsequently subject to GoI retaining 51% in these CPSEs; ii. To take decision on the divestment in respect of Public Sector Banks, other listed Public Sector Financial Instituti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ons and Public Sector Insurance Companies (when listed) through ETF or other methods subject to GoI retaining 52%; and iii. To take decision on matters related to divestment through ETF like constitu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tion of ETF portfolio; the price/net asset value at which share of listed companies forming the ETF basket will be placed by the Govt. for divestment at the disposal of the ETF provider (AMC); the inc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... entive structure for investors - upfront discount, loyalty bonus etc.; and any other aspect of pricing and the mode of disinvestment as required to be taken by the Government. X X X X Extracts X X X X X X X X Extracts X X X X ..... - PIB ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
