Kathmandu, Aug. 28
RBB
Merchant Banking Limited has signed an agreement with the Nepal Stock Exchange
Limited (NEPSE) to list close-ended plan ‘RBB Mutual Fund 1’.
Acting
Chief Executive Officer of NEPSE Niranjan Phuyal and RBB Merchant’s CEO Badri
Prasad Pyakurel signed the agreement at a programme on Friday.
The
fund promoted by Rastriya Banijya Bank Limited is the first close-ended plan of
the bank.
Approximately
125 million units of shares with Rs. 10 per unit will be listed at the stock
exchange.
The
total size of the fund is Rs. 1.25 billion.
RBB
Merchant is the manager of the fund. It is a subsidiary of the RBB.
Published in The Rising Nepal daily on 29 August 2021.
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