Kumari Capital Limited has opened the public issue of the “Kumari Dhanabriddhi Yojana (KDY).” The public issue opened on 12th Jestha and will conclude on 17th Jestha, 2079. If the issue isn’t fully subscribed by the early closing date, the deadline can be extended till Jestha 26.
Kumari Dhanabriddhi Yojana is a close-ended fund, meaning it will be traded in NEPSE. The fund has a maturity period of 10 years. The fund has 12 crore units at a par value of Rs 10 per unit. 15% of the fund is allocated to fund sponsor i.e. Kumari Bank Limited. The remaining 10.20 crores units are open for the public issue.
According to CDSC, 28,583 applicants have applied for a total of 2,81,27,280 units. This data is current as of 10…
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