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Govt to reserve 10% quota on IPOs for Nepali migrants abroad

Khabarhub

May 29, 2022

< 1 MIN READ

Govt to reserve 10% quota on IPOs for Nepali migrants abroad

KATHMANDU: The government has announced that it would secure 10 percent quota on initial public offering (IPO) for Nepalis working in foreign countries.

Presenting the budget for the upcoming fiscal year 2079/80 BS on Sunday, Finance Minister Janardan Sharma said Nepali migrants working abroad would be get 10 percent IPOs reserved for them.

Similarly, Sharma announced that the government would form policies supporting investment from non-resident Nepalese in the secondary market.

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