Government to allow NRN joint ventures to issue foreign-currency IPOs

The government of Nepal is implementing regulatory changes to allow joint ventures between the state and non-resident Nepalis (NRNs) to issue initial public offerings (IPOs) in foreign currency. Under the new policy, these joint venture entities will be permitted to raise up to 85 percent of their total capital from overseas investors.

The policy shift is designed to facilitate foreign investment by tapping into the financial resources and capital of the non-resident Nepali diaspora. By enabling these ventures to secure a significant majority of their funding from international markets, the regulatory adjustment aims to boost foreign capital inflows into domestic projects.