The dividend proposal got squashed after Nepal Rastra Bank (NRB) blocked the company from distributing dividend as a result of breaking merger agreement with Diprosc Laghubitta.
The company had announced of distributing 10 percent stock and 0.526 percent cash dividend.
The company clarified that it could not distribute the dividend due to NRB blockage following the breakage of merger agreement with Diprosc Laghubitta and unable to find new merger partner in the given deadline.
