Auction shares of Siddhartha Equity Oriented Scheme get allotted to Siddhartha Investment Growth Fund II; 4 applications received in total

Siddhartha Equity Oriented Scheme (SEOS), a closed-end 5 years mutual fund scheme managed by Siddhartha Capital Limited, had auctioned shares under its holding till Bhadra 22, 2076. The scheme had matured on Shrawan 6, 2076 due to which the scheme has liquidated its remaining shares and debentures via auction after receiving approval from SEBON. 

According to the officials at Siddhartha Capital, a total of 4 applications were received out of which 2 were mutual funds, one bank and one individual. Through competitive bidding, the entire auction has been allotted to Siddhartha Investment Growth Fund II (SIGS2).

Siddhartha Investment Growth Fund II (SIGS2) is another fund sponsored by Siddhartha Bank and managed by Siddhartha Capital. The fund's size is Rs. 1.2 arba with a maturity of 10 years.