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 ...

Swiss Firms Preparing to Quit Iranian  Market Over US Sanctions Risks
Several Swiss newspapers on Sunday reported that Swiss firms...
EU Rushes to Protect Economic Interests in Iran
With a reputation of a slow-working institution that only gets...
Chabahar’s Shahid Beheshti Port: Cheapest Business Option in Region
With new moderated prices for services offered at Chabahar’s...
German Companies Cannot Be  “Totally Shielded” From US Iran Move
The German government will help German firms with business in...
New Report Reveals Banks’ NPL Ratio Gap
A senior member of Majlis Article 90 Commission presented the...
Tehran Startup  Studio Launched
The University of Tehran and the Noor Credit Institution have...
Tehran Stocks Unshaken by US Nuclear Deal Pullout
Iran nuclear deal seems to be on life-support these days, as...
Google Stands to Lose Up to $4.3b in UK Privacy Suit
Google appeared in a UK court on Monday to argue against a...