SEBON Okays 3rd Mutual Fund of NMB Capital

Jun 19, 2019 Merolagani

Securities Board of Nepal (SEBON) has approved third mutual fund of NMB Capital, a subsidiary company of NMB Bank.

According to the capital, the board approved 'NMB 50' that is set to issue 120 million mutual fund units worth Rs 1.20 billion at a face value of Rs 10 on June 12.

Following the approval, NMB Capital will issue 'NMB 50' with next two months. 'NMB 50' a close ended mutual fund will mature in 7 years.

Apart from the upcoming mutual fund, NMB Capital currently is operating 5 yearly NMB Sulav Investment Fund 1, 7 yearly NMB Hybrid Fund L1 and NMB Sulav Investment Fund.

 


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NEPSE Adjusts Stock Price of Siddhartha Bank

Oct 16, 2019 11:09 AM

Nepal Stock Exchange (NEPSE) has adjusted the stock price of Siddhartha Bank (SBL) after the announcement of 10 percent bonus share. The bank closed its book on Wednesday for the upcoming AGM.