Neco Insurance to Auction Unallocated Right Shares

Kathmandu – Neco Insurance Limited has announced the auction of its unallocated right shares starting Baisakh 12 (April 25). These shares remained unsold following the company’s right share issuance held from Falgun 8 to Chaitra 24 (February 20 – March 27).

A total of 225,261.35 shares will be auctioned, including 43,779.52 shares from the founder group and 181,481.83 shares from the general group.

The minimum bid price has been set at Rs 100 per share. Interested applicants must bid for at least 100 shares, with the option to apply for up to the total number of available shares. The application deadline is Baisakh 21 (May 4).

Sanima Capital Limited is overseeing the auction process as the issue manager.