A 96 percent block trade of Industrial Renovation Company of Iran with the base value of 2439 Rials per share is to be divested through auction sale.
Iran Privatization Organization public relations liaison reported a total number of 87,999,602 shares of Industrial Renovation Company of Iran, equivalent to 96.038 percent of total shares is to be divested by IPO on 25th December 2017 through auction sale.
This number of shares is to be sold with the base value of 2439 Rials per share, with a total base value of 214,631 million Rials in the form of 10 percent cash sale and 5-year installments.