The company is issuing 120 million mutual fund units of worth Rs 1.20 billion having a face value of Rs 10 per unit from March 6. The mutual fund under MBL Mutual fund is a close ended natured fund having maturity period of 12 years.
Out of total offered units, the fund has allocated 14 percent i.e. 16.8 million units to fund promoter Machhapuchchhre Bank and 1percent i.e. 1.2 million to fund manager. The remaining 102 million units will be issued to the general public.
Interested investors can apply for a minimum of 100 and maximum of 12 million mutual fund units.
The company has appointed RBB Merchant Banking as issue manager. the investors can apply from all ASBA approved BFIs and Meroshare.
