Neco Insurance Extends Deadline for Right Shares Application
Kathmandu – Neco Insurance Limited has extended the deadline for applying for its right shares until March 27. The company has decided to provide additional time for shareholders to participate in the offering.
Neco Insurance is offering right shares equivalent to 25 percent of its paid-up capital at a price of Rs. 100 per share. The company had its book closure on January 31 for the right share issuance, making only permanent shareholders listed before January 30 eligible to apply.
Sanima Capital Limited is managing the issuance and sale of the company’s securities.