Neco Insurance Ltd. announces book close for 50% right share; book closure on magh 9

Neco Insurance Limited(NIL) announces book closure for 2:1 right shares. The shareholders book will remain close on 9th Magh 2074 for the stated purpose. Shareholders having the shares at the time of book close will be eligible for the right shares. 

NMB Capital has been appointed as the issue manager for the issue. 

The company received SEBON's approval on 25^th Poush for the right share issue. 

Current paid-up capital of Neco Insurance is 71.29 crore which will hike to 1.07 arba. It will meet the capital requirement for non-life insurance.

The company was last traded for Rs 860  in the stock exchange.