Bids Opened for Auction of Shares Held by Global IME Samunnat Scheme; How Many Units Were Sold?

Global IME Capital received bids in the auction of shares held by Global IME Samunnat Scheme. The fund matured on Chaitra 11, 2079. The bids were opened yesterday i.e. on 22nd Sharwan at the premises of the fund manager, Global IME Capital located at Naxal, Kathmandu.

As per the directive received from Nepal Stock Exchange Ltd. on Baisakh 2, 2080, the investments held under the name of the scheme as per Sub-Rule (3) of Rule 32 of the Collective Investment Fund Regulation, 2067, will be converted into cash within three months and distributed back to unit-holders in proportion to their ownership. In this regard, a majority of shares listed on Nepal Stock Exchange Ltd. under the name of this mutual fund scheme were already sold.

However, some shares/debentures/mutual funds were yet to be sold, as well as some were still pending to be listed, along with the applicable bonus and rights shares, and shares with undetermined value, were sold through an auction from 15th Shrawan to 21st Shrawan, 2080.

Interested individuals, firms, companies, organizations, etc. willing to purchase the shares/debentures/mutual funds were requested to submit their bids indicating the price per unit within 7 days from the date of the publication i.e. on the 21st Shrawan.

As per Global IME Capital, all auctioned shares were sold yesterday to valid applicants.

The shares that were auctioned are as follows: