GREEN DELTA MUTUAL FUND GETS NOD

Star Business Report

 The stockmarket regulator also approved a Tk 150 crore closed-end mutual fund, sponsored by Green Delta Insurance.
The sponsors will subscribe Tk 15 crore of the 10-yearly fund styled “Green Delta Mutual Fund”. Of the rest amount, Tk 60 crore has been kept for pre-IPO or private placement, while Tk 75 crore will be raised from public through IPO.
Face value of each unit of the fund is Tk 10. LR Global Bangladesh, an asset management company, is the manager of the fund.