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Reservation in IPO for Nepalese abroad


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2022 May 29, 19:32, Kathmandu
Representative Image. Photo- Picpedia

The government has made arrangements for reservation in the primary share issue for Nepalese who have gone for foreign employment. In the budget of the coming fiscal year presented by the Finance Minister Janardan Sharma in the joint sitting of the Federal Parliament, it is mentioned that 10 percent reservation will be made in the primary shares of the company which will be open for expulsion and sale to Nepalese living abroad for employment.

 Finance Minister Sharma has said that a law will be made to open the investment of non-resident Nepalese in the stock market. Similarly, the secondary market structure of the stock market will be made more competitive and the rights of general investors will be protected by minimizing the potential risks by expanding and diversifying the capital market, said Finance Minister Sharma.

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Reservation in IPO for Nepalese abroad reservation in the primary share issue Nepalese who have gone for foreign employment. Kathmandu stocks
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