Offer Letter Published for "Neco Insurance Limited"; Right Shares Issue Opens from Falgun 8
Sun, Feb 2, 2025 10:29 AM on Dividend, Bonus & Rights, Highlight News, Book Closure,
Neco Insurance Limited (NIL) has published an offer letter for the issuance of its 25% rights shares.
According to the offer letter made public by the company, it is set to open applications for its right shares in the ratio of 1:0.25 or 25% from 8th Falgun to 28th Falgun, 2081.
The company will be issuing 25% right shares worth Rs. 50.30 crore through the issue of 50,30,901.55 (1: 0.25) units of right shares to its existing shareholders. The current paid-up capital of Rs. 2.01 Arba. After the adjustment of the proposed right share i.e. 50,30,901.55 units, the paid-up capital of the company will increase to Rs. 2.51 Arba.
Sanima Capital Limited is appointed as the issue manager.
17th Magh was the book closure date. Thus, investors maintained before that day are eligible to apply for the shares.
