RBB Merchant Banking to Issue 100,000,000 Units of ‘RBB Focus 40’
January 2, 2025 | Investopaper
RBB Merchant Banking Limited is in the process of launching a new mutual fund scheme named “RBB Focus 40”. For this purpose, the fund manager has already submitted the application to the Securities Board of Nepal (SEBON) on Poush 14, 2081 BS seeking permission to sell the units to the public.
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The close-ended scheme “RBB Focus 40” will operate under “RBB Mutual Fund”. The fund manager is planning to issue 10 crores units at a par value of Rs. 10. Hence, the total issue amounts to Rs. 100 crores.
Only after the permission from the regulatory body SEBON, the mutual fund scheme will be floated to the general public.
Out of the total public issue, 15 percent or 1.5 crore units of the fund will be purchased by Rastriya Banijya Bank Limited, the promoter of the mutual fund.
After the allotment of the scheme, it will be listed and traded on the Nepal stock exchange.
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