Fri, Aug 28, 2026
Neco Insurance (NIL) is set to auction 1,070,206.84 units of promoter shares. The interested existing promoter shareholders and individuals, firms, companies and institutional organizations can bid for the shares from October 6.
The minimum price per unit share has been quoted Rs 315 by the company. The interested investors can bid for a minimum of 5,000 and a maximum of all shares by October 20.
The company has appointed Sunrise Capital as its issue manager.
A massive flash flood originating from the Tibet region has severely damaged several major hydropower infrastructure projects in the Rasuwa district, severing nearly 200 MW of power from the national grid.
