200,000 units Promoter Shares of Neco Insurance in Auction

May 27, 2018 Merolagani

Kosh Bewasthapan Company is auctioning 200,000 units of promoter shares of Neco Insurance (NECO). The auction is open for 21 days.

Siddhartha Capital has been appointed as an issue manager of the company.

The interested bidders can bid for the shares from Siddhartha Capital at Narayanchaur, Naxal.

The minimum bid price for the shares has been set at Rs 242 per unit. The interested bidders can bid for a minimum of 5,000 units of shares till June 17.

In the third quarter of the current FY, the company earned a net profit of Rs 210.3 million and has maintained EPS of Rs 35.77.

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