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Last day to clinch 10% bonus shares of Neco Insurance; LTP at Rs 1,045

- ShareSansar, September 13, 2017  on Dividend, Right & Bonus , Featured , Latest , Stock Market
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Today is the last day to secure 10% bonus shares of Neco Insurance Company Limited (NIL).

The register of their shareholders will remain close from Bhadra 29, 2074 till Ashwin 10, 2074 for the purpose of its AGM. Only the shares registered one day ahead of the book closure date, i.e. Bhadra 28 are eligible for the bonus shares. A separate book closure notice will be publish for the right shares.

Also, Neco Insurance Company Limited (NIL) will be convening its 22nd Annual General Meeting (AGM) on Ashwin 10, 2074. The AGM is going to be held at Nepal Tourism Board, Bhrikutimandap, Kathmandu at 11:00 AM.

Neco Insurance had earned Rs 21 crore in the fourth quarter of the fiscal year 2073/74. Its paid up capital stand at Rs 71.28 crore and after issuance of 10% bonus and 50% right share its capital will reach Rs 1.17 arba. As per the new guideline, non-life insurance companies should have a minimum paid up capital of Rs 1 arba by the end of FY 2074/75 and NIL will meet the requirement after issuance of bonus and right share.

Its LTP stood at Rs 1,045 as of September 12, 2017.

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