Important news for Shasta shareholders / 1052% capital increase license was issued

According to Tejarat News, based on the announcement published on the Kedal website, the Social Security Investment Company with the symbol شستا Has requested a 1052% increase in capital.

According to the documents provided by the Social Security Investment Company in order to request a capital increase, Shasta’s current capital is 14,200 billion tomans and the number of shares that can be issued by this company is 1,494 billion, 13 million and 456 thousand shares.

The requested capital increase is 1052% and the amount of capital increase is more than 149 thousand billion Tomans.

This capital increase is done with the subject of reforming the financial structure in order to implement the provisions of Article 14 of the Law on Maximizing the Production and Service Capacity of the Country and Supporting Iranian Goods. The place of financing the capital increase has also been announced as a revaluation surplus of assets.

Read the latest stock market news on the Trade News page.