Share Laganikarta Sangh accuses NEPSE of negligence on publishing NIB’s bonus declaration

Share Laganikarta Sangh Nepal has accused Nepal Stock Exchange Limited (NEPSE) for not exercising due care while publishing the dividend declaration of Nepal Investment Bank Limited (NIB). Issuing a press release, the Forum has said that NEPSE should have confirmed with the company before publishing such sensitive information on its website. “Why did NEPSE publish the corrected dividend of NIB without asking for clarification? Should the investors trust NEPSE when it publishes similar news in the future?”, says the statement. Insisting that NIB provide the first declared dividend i.e. 25% bonus share and 15% cash dividend, the Forum has accused regulatory authorities (Nepal Rastra Bank, Nepal Stock Exchange, Securities Board of Nepal, Beema Samiti) for being passive in discouraging such behaviors. Condemning the mistake shown by NIB, the Forum has asked all the concerned regulators to discourage the irresponsible behavior and exercise appropriate corrective measures.

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