Kumari Capital has extended the deadline to apply for the unit of Kumari Equity Fund, a collective investment fund that has been open for disposal and sale since March 30.
The general public can now apply for the unit till March 11. Capital has stated that the eviction can be stopped before the deadline if applications are received for more units than the demand.
Kumari Capital has sold 80 million units worth Rs 800 million at a face value of Rs 10 per unit. This is a 10-year closed-ended plan.
The fund has secured 15 percent unit fund promoter Kumari Bank and sold the remaining 68 million units to the public. Provision has been made to apply for a minimum of 100 to 8 million units in the fund.
Investors in the unit of the fund for a period of 10 years will be able to apply from all the banks and financial institutions that have obtained ASBA permission from the Securities and Exchange Board and also from mero lagani.
Kumari Capital is a wholly owned subsidiary of Kumari Bank.
Post a Comment
0Comments