NIBL Stable Fund extends application date

KATHMANDU: NIBL Stable Fund, a closed-end scheme under the NIBL Mutual Fund, managed by NIMB Ace Capital and funded by Nepal Investment Mega Bank, opened for issuance and sale from January 16, 2024. The fund has 100 million units equivalent to Rs 1 billion, each with a face value of Rs 10.

By 12:30 pm on Friday, 35,335 applicants applied to purchase 785,815,520 units of shares. However, the applications of 3,857 applicants for 130,608,870 units were cancelled.

The issuance and sale were open from January 16 to January 19. Due to insufficient demand during this period, the application date has been extended to January 30.