Neco Insurance Limited Unveils Book Closure Date for 25% Rights Offering
Mon, Jan 20, 2025 9:43 AM on Latest, Dividend, Bonus & Rights, Book Closure,
Neco Insurance Limited (NIL) has announced the book closure date for its 25% right shares: 18th Magh 2081. Thus, shareholders who maintained their shares until Magh 17 are eligible for the rights offering.
The company will issue 25% of its right shares worth Rs. 50.30 crore to its existing shareholders by issuing 50,30,901.55 (1: 0.25) units of right shares. The current paid-up capital is Rs. 2.01 Arba. After adjusting the proposed right share, i.e., 50,30,901.55 units, the company's paid-up capital will increase to Rs. 2.51 Arba.
Sanima Capital Limited is appointed as the issue manager.
As of writing, NIL closed at Rs. 921.20.
