Reliance Nippon Life Asset Management has informed about a Further Fund Offer 3 (FFO3) of its Central Public Sector Enterprises - Exchange Traded Fund (CPSE ETF). This FFO3 is part of the Government of India’s overall disinvestment program, announced earlier by the Department of Investment and Public Asset Management (DIPAM), Ministry of Finance, using the ETF route. Reliance Mutual Fund proposes to raise up to Rs 8,000 Crore ($1.12 Billion) in FFO3 as Initial Amount plus an Additional Amount (if any) based on instructions of The Government of India. The Company also enclosed the Press Release to be issued in this regard.
The above information is a part of company’s filings submitted to BSE.
