KATHMANDU, JANUARY 28

NIBL Ace Capital is auctioning shares and debentures of NIBL Samriddhi Fund 1 (NIBLSF-1) to the general public from January 27 till February 3, as per a press statement.

The seven-year, closed-end mutual fund scheme managed by NIBL Ace Capital and promoted by Nepal Investment Bank Ltd matured on January 6. As such, the fund will have to auction the shares of companies and debentures under its ownership.

All securities should be liquidated and unit holders should be paid back within three months from the date of maturity.

A version of this article appears in the print on January 29, 2022, of The Himalayan Times.