The company is issuing 100 million mutual fund units worth Rs 1 billion at a face value of Rs 10 per unit from today, February 11.. Out of total offered units, the company has allotted 1 percent i.e. 1 million units to Kumari Capital and 14 percnet i.e. 14 million units to fund promoter Kumari Bank. The remaining 85 million units will be issued to the general public.
The issue will now close on February 25. Interested investors can apply for a minimum of 100 units and maximum of 10 million units of mutual funds.
The company has appointed Kumari Capital as issue manager. The investors can apply from all ASBA approved BFIs and Meroshare.
