Neco Insurance offers 11 lakh promoter shares for sale

Neco Insurance has offered 11,09,769 promoter shares for sale. Promoter shareholders have 35 days to apply via the Gyaneshwor office before shares go public.

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Rabindra Bhattrai
Rabindra Bhattarai is a respected finance expert, widely known for his contributions to Nepal’s capital market through research, and authorship on stock market investment and financial...
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On 27 Ashadh 2082, Neco Insurance Company Limited announced the sale of 11,09,769 promoter shares. These shares are exclusively available to the company’s existing promoter shareholders, who have 35 days from today to apply.

Application must be submitted at head office

Interested promoters must submit their applications at Neco Insurance’s central office located in Gyaneshwor, Kathmandu within the specified period.

Shares will go public if not sold

If the promoter shareholders fail to buy the full share allotment within the 35-day period, the remaining shares will be made available to the general public or institutional investors, according to the company’s official notice.

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Rabindra Bhattarai is a respected finance expert, widely known for his contributions to Nepal’s capital market through research, and authorship on stock market investment and financial management.
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