Shares of State Companies Worth $733m on Offer

More than 8.7 billion government-owned shares in Tehran Oil Refinery Company and Isfahan Oil Refinery Company worth 88 trillion rials ($733 million) will be offered in the capital market in the coming week. 
The remaining government assets in Tehran Oil refinery Company accounts for 20% of the total shares of the company worth 40.9 trillion rials ($340.8), which will be offered in a block of 4.7 billion pieces.  
Share prices on the market bulletin a day prior to the offer plus 20% will be considered as the base price. However, the base price should not be less than 8,510 rials per share.