Business And Markets

Share Offers Here to Stay

Share Offers Here to Stay Share Offers Here to Stay

Government policy to sell stakes in state-run companies will continue to generate revenue for the next fiscal budget (March 2021-22), head of the Plan and Budget Organization said. 
“The government divested a portion of its stocks in state-owned companies this year…The plan for next year’s budget is to continue on the same track,” Mohammad Baqer Nowbakht was quoted as saying by IRIB news. 
Nowbakht added that selling government stakes in affiliated companies would be one measure to cope with the recession next year. 
“Offering government stakes will infuse fresh blood into the bourse… shares with high return potential will be offered.”


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