CBIL Capital to issue Citizens Mutual Fund 1 worth Rs 1 Bn

Jan 01, 2018 Merolagani

Securities Board of Nepal (SEBON) has approved Citizens Mutual Fund 1 under the management of CBIL Capital. Following the approval, Citizens Mutual Fund 1 will issue 100 million units of mutual fund units worth Rs 1 billion to the general investors.

 

 On the excessive demand of the mutual fund units, the fund shall increase the volume of issuance by 25 percent to Rs 1.25 billion.

CBIL Capital is a subsidiary company of Citizens Bank. The company provides the services as issue manager, share registrar, portfolio manager, DP services and investment consultant provider.

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