Recapitalization via Share Premium Becomes Law

The parliament on Sunday approved a bill proposed by the government in which listed companies are obliged to improve their capital structure using share premium. 
As per the provisions of Article 1 of the bill, companies listed with the Tehran Stock Exchange and the junior equity market (Iran Fara Bourse) and in which the government owns more than 50% of shares should secure their funding needs from the bourse.
Funds should be raised via share premium after approval by the general assembly of companies, IRNA reported.