A permit was issued to increase Shasta’s capital 10 times

According to the correspondent of Fars News Agency’s economic group, based on the announcement published by the initial market supervision management of the stock exchange organization, a license was issued to increase the capital of Shasta company by 1052%.

In the implementation of the Securities Market Law approved in December 1984, the demand for capital increase and the issuance of new shares of the Public Joint Stock Social Investment Company in the Exchange Organization were examined. Based on the investigation, cases indicating non-compliance with the relevant laws and regulations in the issuance of shares have not been considered and the capital increase with the following specifications and in compliance with the relevant laws and regulations is unimpeded by this organization.

Current capital 142 thousand billion Rials, number of shares to be issued 1494 billion 13 million 456 thousand shares, nominal value of each name one thousand Rials, amount of capital increase 149 thousand 401 billion Tomans, source of capital increase from the revaluation surplus of assets and the subject of increase Capital for reforming the financial structure in order to implement the provisions of Article 14 of the Law on Maximum Use of the Production and Service Capacity of the Country and Protection of Iranian Goods, approved by the Islamic Consultative Assembly on May 6, 1998.

It should be noted that it is possible to increase the capital up to 60 days after the issuance of this license, failure to increase the capital within the prescribed period will invalidate this license and doing so will require obtaining a new license from this organization.

Also, according to Article 21 of the Securities Market Law, the registration of securities with the organization in order to ensure compliance with legal regulations and approvals of the organization and information transparency, and as a confirmation of benefits, guarantee of profitability or advice and customization of the company or plan related to securities Not valued by the organization.

Increase capital wash

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