Himalayan Bank Promoted "Himalayan 80-20" To Issue 10 crore Units Mutual Fund Scheme To General Public From Shrawan 32
Tue, Aug 8, 2023 12:34 PM on Latest, Mutual Fund,
Himalayan Capital Limited has published an offer letter to issue the closed-end mutual fund scheme "Himalayan 80-20." The issue will open on 32nd Shrawan to 4th Bhadra, 2080. If not subscribed fully by the early closing date, the issue can be extended till Bhadra 15.
Out of 10 crore unit shares; 15% or 1.50 crore units worth Rs. 15 crores have been allocated to the fund sponsor Himalayan Bank Limited whereas the remaining 8.50 crore units will be issued to the general public from 32nd Shrawan.
"Himalayan 80-20" is a closed-end fund that will be traded in NEPSE. It has a maturity period of 10 years. Applicants can apply for a minimum of 100 units to a maximum of 10,000,000 units.
Himalayan 80-20 is the first mutual fund scheme to be operated by Himalayan Capital Limited.
