786 Investment Ltd announces date for merger of 786 Rising Star Fund, First Dawood Mutual Fund into 786 Smart Fund

News Image

By MG News | December 17, 2019 at 04:17 PM GMT+05:00

0:00

December 17, 2019 (MLN): 786 Investments Limited via notification to Exchange has informed the effective date for the merger of 786 Rising Star Fund (786RSF) and First Dawood Mutual Fund (FDMF) with and into 786 Smart Fund (786SF) as on December 20, 2019.

The Board of Directors of the company, in their General meeting held on September 23, 2019 and October 16,2019 respectively decided that 786 Rising Star Fund and Fisrt Dawood Mutual Fund shall merge with and into 786 Smart Fund, the Surviving Scheme on the basis of Swap ratio of the funds as on day end December 19, 2019 (the day immediately preceding the effective date of merger).  

Units shall be allocated, on the basis of swap ratio, to each unit holder of 786RSF and FDMF as on day end October 10, 2019 (1st day of book closure) against units of 786SF.

After allotment of units of 786SF to the eligible persons, all units representing their holding in 786RSF and FDMF shall become cancelled.

Further, the issuance and redemption will be resumed from December 23, 2019.

Copyright Mettis Link News

Related News

Name Price/Vol %Chg/NChg
KSE100 131,949.07
198.95M
0.97%
1262.41
ALLSHR 82,069.26
730.83M
0.94%
764.01
KSE30 40,387.76
80.88M
1.11%
442.31
KMI30 191,376.82
77.76M
0.36%
678.77
KMIALLSHR 55,193.97
350.11M
0.22%
119.82
BKTi 35,828.25
28.42M
3.64%
1259.85
OGTi 28,446.34
6.84M
-1.02%
-293.01
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 108,125.00 110,525.00
107,865.00
-2290.00
-2.07%
BRENT CRUDE 68.51 68.89
67.75
-0.29
-0.42%
RICHARDS BAY COAL MONTHLY 97.50 0.00
0.00
0.75
0.78%
ROTTERDAM COAL MONTHLY 106.00 106.00
105.85
-2.20
-2.03%
USD RBD PALM OLEIN 998.50 998.50
998.50
0.00
0.00%
CRUDE OIL - WTI 66.50 67.18
66.04
-0.50
-0.75%
SUGAR #11 WORLD 16.37 16.40
15.44
0.79
5.07%

Chart of the Day


Latest News
July 05, 2025 at 11:58 PM GMT+05:00

Weekly Market Roundup


July 05, 2025 at 02:57 PM GMT+05:00

National Savings Schemes see over Rs27bn inflow in May


July 04, 2025 at 10:16 PM GMT+05:00

CAT upholds CCP’s ruling against PREMA Milk


July 04, 2025 at 10:07 PM GMT+05:00

Gold price in Pakistan falls Rs1,500 per tola


July 04, 2025 at 08:01 PM GMT+05:00

TRG in Supreme Court



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg