Kathmandu. The units of Nepal Life Prosperity Investment Scheme are to be opened from January 18. The fund sponsor of the scheme is Nepal Life Insurance and Nepal Life Capital is the project manager. The Securities Board of India (SEBON) has approved the sale of a total of 16 crore units of the scheme.
Out of the total issue, 2.24 crore units have been set aside for the promoter of the scheme and Rs 16 lakhs has been reserved for the promoter of the scheme. The general public can apply for the remaining 13.60 crore units.
Applications can be place for minimum 100 units and maximum 1.60 crore units. The applications can be submitted from the banks and financial institutions participating in the ASBA service approved by the Securities Board of India (SEBON) and from CDSC’s My Share.
The public issuance of the scheme will be held on January 22 at the earliest and at the end of January 22 after the banking hours.
