Banking News – Neco Insurance Limited has announced the sale of 1.2 million founder shares, offering them at a face value of Rs. 100 per share.

The company stated that the shares are currently available exclusively to existing founder shareholders.

Interested founder shareholders must submit their applications to purchase the shares within 35 days, no later than Bhadra 8, 2083 (late August 2026).

According to the company, if no applications are received from existing founder shareholders within the specified period, the shares will subsequently be offered for sale to the general public and other interested companies in accordance with the applicable regulations.