Kathmandu. The Securities Board of Nepal (SEBON) has granted permission to two mutual funds to issue their shares.
The Securities Board of India (SEBON) has granted permission to LS Horizon 12 and Siddhartha Equity Fund to issue two to the company. Now the units of both these schemes will be opened to the general public.
Laxmi Sunrise Bank and Laxmi Sunrise Capital Limited have been granted permission to issue units worth Rs 1.20 billion. Now, a total of 12 crore units of face value of Rs 10 will be issued under this scheme.
Similarly, Siddhartha Equity Fund 2, the fund promoter and Siddhartha Capital Limited, has been granted permission to issue units worth Rs 1 billion. Now, a total of 100 million units of face value of Rs 10 will be issued under this scheme.
Both of these plans are closed-oriented.
