Two more mutual funds to float shares to the public
July 15, 2019 | Investopaper
Two mutual funds have received approval from Securities Board of Nepal (SEBON) to float shares to the public. The mutual fund schemes are:
NIC Asia Balance Fund
Sebon provided the approval to NIC Asia Balance Fund on Ashar 25, 2076. The fund is planning to issue 12.50 crores units to the general public. The par value is Rs. 10. So, NIC Asia Balance fund will issue the scheme worth Rs. 125 crores (Rs. 1.25 billion). NIC Asia Capital Limited is the issue manager for the public offering.
Siddhartha Investment Growth Scheme 2
Siddhartha Investment Growth Scheme 2 received approval from Sebon on Ashar 26, 2076. The fund will issue 14 crores units to the public at the par value of Rs. 10. Hence, the total offering of SIGS-2 is Rs. 140 crores (Rs. 1.40 billion). Siddhartha Capital Limited is the issue manager.
