Hurry Up! Neco Insurance closing 50% (39.21 lakh units) right shares today

Neco Insurance Company Limited (NIL) is closing 1:0.50 (50%) right share to its shareholders today (Chaitra 1, 2074). The rights issue was open from Magh 26, 2074. The book closure date for the rights issue was set on Magh 9, 2074. Only those shares registered one trading day ahead of the book closure date i.e. till today (Magh 8, 2074) are eligible to apply for the right shares. NIL has been issuing 39.21 lakh units right shares worth Rs 39.21 crore to its existing shareholders at a face value of Rs 100 per share. NMB Capital Limited has been assigned as the issue manager for right share issue. Interested applicants can collect application forms from NMB Capital Limited, Nagpokhari, Kathmandu and from designated branches of NMB Bank and Neco Insurance. Its paid up capital will reach to Rs 1.17 arba after 50% right share adjustment from existing Rs 78.41 crore. It had posted net profit of Rs 11.65 crore in the second quarter of the FY 2074/75. Announcement: