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

AI Summary

Nepal's government plans regulatory reforms permitting joint ventures with non-resident Nepalis to raise up to 85% of their capital through foreign-currency IPOs. This move aims to facilitate greater foreign investment and broaden capital access for NRN partnerships.

Regulatory changes will allow a joint venture between the government and non-resident Nepalis to raise up to 85 percent of its capital from overseas investors.