NIC Asia Capital Successfully Completes First Phase of Equity Linked Investment Scheme with Oversubscription
Summary
NIC Asia Capital Limited completed the first phase of its Equity Linked Investment Scheme with 1.48 times oversubscription, receiving applications worth Rs. 74.03 crore against a target of Rs. 50 crore.
Key Points
- NIC Asia Capital Limited completed the first phase of its Equity Linked Investment Scheme.
- The initial phase targeted 5 crore units but received applications for units worth Rs. 74.03 crore, indicating 1.48 times oversubscription.
- The Securities Board of Nepal approved a total of 10 crore units, allowing allocation according to investor demand.
- The scheme is an open-end plan with future repurchase, SIP, and regular trading options planned.
