Finance Ministry to rebalance CPSE ETF, may include new PSUs
Updated : July 31, 2018 02:48 PM IST
The finance ministry is likely to rework the constituents of the CPSE Exchange Traded Fund (ETF) by either including new state-run companies or trimming the government holding threshold for existing ones to 52 percent.
The CPSE ETF comprises 10 state-owned bluechips and shares in these companies can be sold only till the government stake in them reaches 55 percent.
"Since most of the CPSEs in the basket have reached or are about to reach the threshold limit of 55 percent, there is a need to rebalance the constituents of CPSE ETF,? an official told PTI.