Citizens Mutual Fund Oversubscribes ‘Santulit Yojana’ Offering
Summary
Citizens Capital Limited's closed-end Citizens Santulit Yojana (CSTY) oversubscribed, increasing the scheme size by 25% to 12.5 crore units worth NPR 1.25 Arba.
Key Points
- Citizens Capital Limited launched the closed-end Citizens Santulit Yojana (CSTY) at NPR 10 per unit.
- The scheme's original target of 10 crore units was oversubscribed, leading to a 25% increase to 12.5 crore units.
- A total of 67,720 eligible applicants were allotted units on Poush 4, 2082.
- Citizens Bank International Limited secured the base capital of 1.5 crore units.
