Neco Insurance to Auction Unallocated Right Shares at Rs 100 Per Unit

Kathmandu – Neco Insurance Limited has announced the auction of 225,161.35 units of unallocated right shares starting Friday, offering the public an opportunity to purchase the shares at a minimum price of Rs 100 per unit.

The auction includes 43,779.52 units from the promoter group and 181,481.83 units from the general public group. These shares remained unsubscribed during the company’s previous right share issuance held between Falgun 8 and Chaitra 14 (February 20 – March 27), 2081.

Interested investors can apply for a minimum of 100 units, with the option to bid for the entire lot if desired. The bidding process is open to all and will continue until Baisakh 21 (May 4), 2082.

Sanima Capital Limited has been appointed as the issue manager for this auction.