Last Day to bid for Neco Insurance's promoter shares auction

Tue, Oct 20, 2020 10:00 AM on Latest, Auction,

Today (Kartik 04) is the last day to submit bids for the auction of Neco Insurance Company Limited's 10,70,206.84 units promoter shares.

The existing promoters, general public, and institutions are eligible to bid for the auction. The auction was open from Ashwin 20.

The minimum bid rate is set at Rs. 395 and the minimum bid quantity is 5,000 units. However, irrespective of the bid rate, the existing promoters will get the first priority during allotment. Only after the promoters are allotted will the highest-bid procedure be applied.

Bidders bidding for units amounting more than Rs. 10 lakh must include their PAN with their bid. Bids will be accepted until 3 pm today.

Announcement