SECP approves merger of JSVF, JSGF

MG News | September 03, 2021 at 04:52 PM GMT+05:00

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September 3, 2021 (MLN): JS Investment Limited has informed that the Securities & Exchange Commission of Pakistan (SECP) has approved the merger of JS Value Fund (JSVF) with and into JS Growth Fund (JSGF).

According to the notice sent to PSX, this merger is in terms of the Regulation 58(I)(m) of the Non Banking Finance Companies and Notified Entities Regulations, 2008 with the effective date of merger i.e. September 03, 2021.

In view of above, the books of JSVF shall remain closed permanently and books of JSGF shall re-open from Monday, September 06, 2021, the notification added.

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