Fiscal Nepal
First Business News Portal in English from Nepal
KATHMANDU: Nepal Rastra Bank (NRB) has approved the sale of Fonepay shares held by founder shareholder Asgar Ali and F1 Soft International, marking a significant ownership reshuffle in one of Nepal’s leading digital payment companies.
According to the central bank, Ali has received approval to sell 412,000 shares, while F1 Soft has been cleared to divest 740,011 shares. The bulk of these shares will be acquired by prominent industrialist Rajendra Khetan, strengthening his foothold in Nepal’s fintech sector.
NRB confirmed that Khetan will purchase a total of 721,000 shares, which includes 206,000 shares from Ali and 515,000 shares from F1 Soft International. The move highlights growing interest from Nepal’s leading business groups in digital payments and financial technology, a sector that has seen rapid growth amid increasing adoption of mobile-based financial services.
Apart from Khetan, several other institutional and individual investors will also acquire Fonepay shares. These include:
Nepal Impact Fund 1
Sweda Investment Pvt. Ltd.
Laxmi Micro Investment
Parsa Holdings
Nepal Infrastructure Investment Fund
Nepal Impact Growth Equity Fund 1
GGC Investment
DJ Shrestha
The restructuring of ownership at Fonepay is seen as a strategic step in Nepal’s evolving fintech ecosystem, where local and global investors are vying to capitalize on the digital economy. Industry observers say that with established business houses like the Khetan Group entering fintech more aggressively, competition in Nepal’s digital payment sector is expected to intensify.
This deal is also expected to boost investor confidence in Nepal’s financial technology industry, aligning with global trends where traditional business conglomerates are diversifying into digital financial services.
Your email address will not be published. Required fields are marked *
Comment *
Name *
Email *
Website
Save my name, email, and website in this browser for the next time I comment.
