Rights Share of Neco Insurance (NIL)

We have information on the Rights Share of Neco Insurance (NIL). It is one of the leading non-life insurance company in Nepal.

About Neco Insurance

Neco Insurance Ltd. is a non-life insurance companycompany registered under the Companies Act, 2021 BS. It was established on 1st Poush, 2051(16th December, 1994). It has been operating general insurance business in Nepal since 17thJestha, 2053 (30th May, 1996) as per the license granted by Insurance Board of Nepal. The registered office of the company is at Gyaneshwor, Kathmandu and it is operating its business through various service outlets nationwide.

Rights Share of Neco Insurance (NIL)

Following are the information on Rights Share of Neco Insurance.

About Right Share

Neco Insurance Ltd (NIL) has published an offer letter for the issuance of its 25% rights shares.

According to the offer letter made public by the company, it is set to open applications for its right shares in the ratio of 1:0.25 from 8th Falgun to 28th Falgun, 2081. The company will be issuing 25% right shares worth Rs. 50.30 crore through the issue of 50,30,901.55 (1: 0.25) units of right shares to its existing shareholders. The current paid-up capital of Rs. 2.01 Arba. After the adjustment of the proposed right share i.e. 50,30,901.55 units, the paid-up capital of the company will increase to Rs. 2.51 Arba.

Sanima Capital Ltd is appointed as the issue manager.

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More information About Neco Insurance

NameNeco Insurance Ltd.
SymbolNIL
SectorNon-life Insurance
Share RegisterRBB Merchant Banking Ltd.
Number of Share25,154,509.00 units
Face ValueRs. 100
Paid up CapitalRs. 2,515,450,900.00
AddressBeema Bhawan, gyaneshwor, Kathmandu, Nepal.
Phone Number01-4542263
Emailneco.com.np

Contact Information

Address: BEEMA BHAWAN, GYANESHWOR .

Phone Number: 01-4542263.

Emal: neco.com.np.

Hence, these are the information on the Rights Share of Neco Insurance.

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