Nepal Doorsanchar Company transferring 55% cash dividend directly in bank accounts

Nepal Doorsanchar Company Limited (NTC) is distributing 55% cash dividend directly through the bank from the net profit of FY 2073/74 from today (Magh 2, 2074). As per the notice published in newspaper today, for shareholders who have already dematerialize their shares, NTC 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, it has urged them to open Demat account in NMB Bank Limited or any other banks. As per latest data available, around 30% shares are yet to be dematerialize.