Siddhartha Investment Growth Scheme concludes auction of 49,687 unit promoter shares of Sunrise Bank; Mutual Fund holders to be repaid soon

Siddhartha Investment Growth Scheme-1 (SIGS1) had auctioned its 49,687 unit promoter shares of Sunrise Bank Limited. The auction was open from Poush 20, 2074 to Magh 25, 2074. Total 10 applicants had applied for the promoter shares of Sunrise Bank Limited. Only two of them received the shares. The cut off price stood Rs 178. Mr Vivek Dugar and Mr Subham Dugar had bid for 30,000 units and 19,687 units of shares. SIGS1 had recently concluded the auction of 24 different companies. So, the scheme now has liquidated all its investments and will soon be returning money to the investors of the scheme within Falgun, 2074.