More Firms Line Up for TSE Block Sales

The capital market’s last days of the current fiscal year (ending March 20) are usually the busiest in terms of block sales, and this year is no exception.
Banks, mining companies and automakers are all lining up their major offerings on the market.
Tejarat Bank is the newest addition to the list. The lender, which has had its ticker on Tehran Stock Exchange frozen since July 18, 2017, has recently listed a 10% stake in Parsian Electronic Commerce Company amounting to 366.4 million for sale on TSE’s First Market at a base price of 3,031 rials (about 7 cents) per share. The sale is set to take place on March 19, the markets’ very last trading day this year.