BB changes repatriation process of share sale proceeds

Bangladesh Bank (BB) on Monday brought some changes to the repatriation of sale proceeds of non-resident owned equity in unlisted companies purchased by residents. "It has now been decided that in such cases Bangladesh Bank will accept fair value of the shares as on the date of sale based on appropriate combination of three valuation approaches (viz. net asset value approach, market value approach and discounted cash flow approach) depending on the nature of the company, the central bank said in a circular, according to a news agency.