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Last day to apply 100% right share of Neco Insurance; Offer closes today

- ShareSansar, March 20, 2017  on Dividend, Right & Bonus , Featured , Latest , Stock Market
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Existing shareholders have one more day to file for the 1:1(100%) ratio right shares of Neco Insurance Limited (NIL). The insurance company has been issuing right shares from Falgun 3, 2073 and today is the closing day for the same.

Neco Insurance Limited is issuing a total of 32,40,436.32 unit right shares at the face value of Rs 100.

The book closure date for 100% right share was set on Poush 14, 2073. Only those shares registered one trading day ahead of the book closure date i.e. Poush 13, 2073 were eligible for the right shares.

NMB Capital Limited has been assigned as the issue manager for right share issue.

Interested shareholders can collect the application forms from NMB Capital Limited, Nagpokhari, Kathmandu, and from NMB Bank Limited and its branch offices.

NIL had earned net profit of Rs 7.33 crore in the second quarter of the fiscal year 2073/74. Its paid up capital remains at Rs 32.40 crore. It has also proposed 20% bonus share for the FY 2072/73. After issuance of 20% bonus and 100% right share, its paid up capital will reach Rs 71.28 crore.

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