Global IME Capital To Launch ‘Global IME Sammunnat Yojana-II’ | Application Submitted To SEBON
April 9, 2023 | Investopaper
Global IME Capital Limited is in the process of launching a new mutual fund scheme named “Global IME Sammunnat Yojana-II”. For this purpose, the fund manager has already submitted the application to the Securities Board of Nepal (SEBON) on Chaitra 19, 2079 BS.
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The close-ended scheme “Global IME Sammunnat Yojana-II” will operate under “Global IME Mutual Fund”. The fund manager is planning to issue 12 crores units at a par value of Rs. 10. Hence, the total issue amounts to Rs. 120 crores.
Only after the permission from the regulatory body SEBON, the mutual fund scheme will sell the units to the general public.
Out of the total public issue, 15 percent or 18 crore units of the fund will be purchased by Global IME Bank, the promoter bank of the mutual fund and Global IME Capital Limited, the fund manager.
After the allotment of the scheme, it will be listed and traded on the Nepal stock exchange.
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