Nepal Investment Bank transferring 25 % cash dividend directly in bank accounts

Nepal Investment Bank Limited (NIB) is distributing 25 % cash dividends (including tax) to their shareholders in bank accounts directly. As per the notice published by NIBL Capital Markets Limited, the share registrar of NIB, the cash dividends will be transferred directly to the bank accounts of the shareholders. For shareholders who have already dematerialized their shares, it has urged them to update their demat accounts with their bank accounts where the cash dividends will be transferred. For those who are yet to dematerialize their shares, NIBL Capital has urged them to open demat account for the dividends.