Bangladesh, Sept. 2 -- The securities regulator has approved the draft rules for direct listing to bring state-owned and foreign companies to the secondary market.

Advertisement Such enterprises will be able to offload at least 10-20 per cent of shares depending on their paid-up capital.

The Bangladesh Securities and Exchange Commission (BSEC) has already sought public opinion on the draft rules, uploading them on the BSEC website on Tuesday evening.

While receiving public opinion, the securities regulator will sit with state-run, foreign and private companies to help them understand the rules and benefits of direct listing.

Proceeding with the plan, the BSEC scheduled a meeting with representatives of some companies on Thursday. The ...