NRNs Get New Route to Invest in Nepal’s Stock Market: 1,000 Shares Minimum, Up to 85% Issue
Summary
Nepal has introduced new regulations allowing eligible companies to issue shares in foreign currency for Non-Resident Nepalis, with a minimum trading unit of 1,000 shares. The move is aimed at making it easier for overseas Nepalis to invest in Nepal’s stock market and repatriate returns in foreign currency.
Key Points
- Nepal’s amended securities regulations now allow eligible companies to issue shares in foreign currency for Non-Resident Nepalis.
- The minimum trading unit for these shares has been set at 1,000, and companies can issue between 10% and 85% of issued capital.
- SEBON says companies can proceed with approvals now that the legal provision is in force.
- NRN Nepal Development Fund CEO Anil Raj Bhattarai says the measure is meant to attract foreign currency investment from Nepalis abroad.
