Business And Markets
0

TSE Says to Launch First Project-Based Company

Minimum capital needed to set up a project company is five trillion rials ($20 million) and owners must first secure half the capital before offering shares in the bourse
TSE Says to Launch First Project-Based Company
TSE Says to Launch First Project-Based Company

Tehran Stock Exchange is set to list the first project-based company, an official said. 
"The TSE has been focusing on project-based companies to strengthen the primary market and attract investment. The first project-based company will be listed within two weeks," Mohammad-Amin Gharmani, TSE deputy for publishers and members of the exchange, was quoted as saying by the news agency SENA. 
Gharmani said the TSE is negotiating with publishers seeking funds for their projects.

Premium

Subscribe to the Financial Tribune to continue reading this article or Log in to your account if you are already a subscriber.

Find out more about our subsciption plans here.

Add new comment

Financialtribune.com