Neco Insurance Extends Right Share Application Deadline
March 23rd, 2025
Kathmandu – Neco Insurance Company has extended the deadline for applying for its right shares to Chaitra 14 (March 27). The original deadline, which was set for Falgun 28 (March 12), was pushed back due to insufficient applications.
Neco Insurance opened the sale of 25% right shares from Falgun 8 (February 20), offering 50,30,901.55 units of shares in a 4:1 ratio. This means that shareholders can apply for four new shares for every one share they currently hold.
The right shares are being issued at a face value of NPR 100, amounting to a total offering of NPR 503.0 million.