The official said the ETF route is a safer mode of disinvestment.
"Bharat-22 ETF basket is diversified and there should be investor demand in overseas market," the official added.
NEW DELHI: The government is planning to list Bharat-22 ETF on an overseas stock exchange to unlock its value and raise foreign capital. The government has already raised Rs 22,900 crore through two tranches of Bharat-22 Exchange Traded Fund (ETF) in the domestic markets.
"There have been some initial discussions on whether Bharat-22 ETF can tap the overseas markets," an official told .
Launched in 2017-18 fiscal, the Bharat 22 ETF, consist of 16 central public sector enterprises (CPSEs), three PSU banks and three private sector companies - ITC, L&T and Axis Bank - where Specified Undertaking of Unit Trust of India (SUUTI) holds stake.