Neco Insurance Fixes Book Close Date for Right Issue

Jan 20, 2025 10:48 AM Merolagani



Neco Insurance (NIL) has fixed book close date for upcoming right issue.

The company is closing its book on January 31 for its right issue. the company is issuing 25 percent right shares of its paid-up capital of Rs 2.01 billion. Accordingly, it is issuing 5,030,901.55 units of right shares worth Rs 503 million at a ratio of 4:1.

Given that January 29 and 30 are public holidays, the shareholders registered in its book till January 28 will be eligible to apply for the right shares.




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