Dhaka, March 10 -- The Bangladesh Bank has significantly relaxed rules for foreign investors to sell shares and repatriate capital.

A circular, issued on Monday, said foreign investors can now repatriate up to Tk 1 billion from share sales without prior approval from the Bangladesh Bank, while the previous limit was Tk 100 million.

While the repatriation limit has been raised, the central bank maintained that an asset valuation report remains mandatory.

The transaction must be supported by a formal agreement between the buyer and the seller, it added.

The new guidelines specify that the sale price must reflect a fair market value.

To determine the share value, the circular upheld the use of Net Asset Value (NAV) based on audited fina...