Earlier, the company auctioned the cross-holdings for the promoter of Neco Insurance from May 27-June 17; however, the auctioned went unsubscribed. Therefore, the company is re-auctioning the shares to anyone who are eligible to become promoter shareholders.
The auction will close on June 25.
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 and maximum of all units under NRB limit.
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.
