Kathmandu. The deadline for applying for the purchase of the unit of Global IME Improvement Plan 2 of Global IME Capital Limited, which was launched from July 1, has been extended.

As the application for the purchase of the unit of the scheme has not been received as per the demand, the late period is going to be issued till July 15.

Capital has put on sale 120 million units worth Rs 1.20 billion at a face value of Rs 10 per unit. The scheme, operated under the Global IME Mutual Fund, is a 10-year-long closed-ended scheme.

Of the total 120 million units, 1.5 per cent i.e. 1.8 million units have been kept as plan manager Global IME Capital and 13.50 per cent i.e. 16.2 million units as seed capital and the remaining 102 million units have been sold to the general public.

There is a provision to apply for a minimum of 100 to 12 million units. Global IME Capital Limited is the unit issue manager of the scheme.

Along with the sales manager, applications can be made through all the banks and financial institutions participating in the ASBA service and their designated offices. Also, my shares can be applied online.