Sandhani Insurance will sponsor mutual fund, titled 'Sandhani Life Growth Fund' with the size of Tk 2.0 billion(200 crore), with face value of Tk 10 each after taking proper permission from all regulatory authorities concerned.
The board of directors of the company took this decision.
Asian Tiger Capital Partners Asset Management Ltd will be the asset management company for the proposed fund. The company also will sponsor a mutual fund, titled 'Sandhani Life Unit Fund' with the size of Tk 500 million with face value of Tk 10 each after taking proper permission from all regulatory authorities concerned. Alif Asset Management Ltd will be the asset management company for the proposed fund.
Size of IPO: Tk 2.0 billion (200 crore) closed-end mutual fund.
Sponsored By: Sandhani Life Insurance Company Limited
Face Value : Tk. 10
Offer Price: Tk. 10
Market lot : 500
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