43198
TSE Rewards Shareholders With Capital Increase
Economy, Business And Markets

TSE Rewards Shareholders With Capital Increase

Tehran Stock Exchange is increasing its capital by a third, the exchange’s chief financial officer has announced.

The exchange will add $400 billion rials ($11.5 million at market exchange rate) to its shareholder’s equity, bringing its total equity to 1.5 trillion rials ($43.35 million).

The capital will be raised from listed companies’ retained earnings. Azadeh Yazdani says the issue will be decided during TSE’s general and extraordinary meetings.

They will be held simultaneously on July 17. “We expect the first phase of the capital increase to happen by mid-September,” she was quoted as saying by SENA.

Short URL : http://goo.gl/02Fmso
  1. http://goo.gl/9qeQ1X
  • http://goo.gl/28vqFb
  • http://goo.gl/TefjNI
  • http://goo.gl/BaO8ra
  • http://goo.gl/ZYmDOY

You can also read ...

Iran's Payam International Airport Ready for Exports
Payam International Airport, located in the city of Karaj 40...
Central Bank of Iran Governor Expects Additional Forex Allocation for Imports
The central bank governor said volume of foreign currency...
Iran's Private Sector Prepares to Secure Syrian Market Entry - Report
Scores of Iranian executives running private businesses...
Global Export Credit Agencies Support Iran Trade Coverage - Interview
Global Export Credit Unions participating in a meeting of the...
India Working on Rupee-Rial Mechanism for Chabahar Port Project
India is weighing a rupee-rial payment mechanism for the...
The number of trips made by Azerbaijani citizens to Iran has...
Joint Iran-Azeri Car Company Eyes Russia, Georgia Markets
Khazar Car Company, an automotive joint venture between Iran...
Iranian Elevator Manufacturers Look Beyond Borders
Iran’s elevator manufacturing companies have the capacity to...

Trending

Googleplus