Nov 8, deadline for TCI block share sale payment

“On the basis of the trade law, after payment of 20% of the original purchase sum, which is equal to 15 trillion rials, the TCI block share buyer will be officially assumed as the owner of 50% plus one share of the company,” TCI managing director announced.
“The TCI tender winner deadline to pay initial price is 30 days after winning the tender but the consortium has not done that,” Saber Feizi said.
“After the payment, the new owner may request to hold an extraordinary meeting in order to select a managing director,” he added.
Tose’eh Etemad Mobin Consortium acquisitioned TCI block share on Sep 27 at per share price of 3,409 rials.
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