The largest Iranian bourse transaction will take place on Wednesday when 50 percent of the shares of the Telecommunication Company plus a single share, worth some $8 billion, will be offered to the public.
The managing director of Tehran Stock Exchange (TSE) told the Mehr News Agency some 23 billion shares of this company will be sold on September 16.
Hassan Qalibaf-Asl said the base price of each share will be 3,400 rials ($0.34).
He noted that up to now neither Iranian nor foreign buyers have been accepted.
The shares will be offered as 20 percent cash and 80 percent on installment basis.
20 percent of the Telecommunication Company's stocks have been offered as Justice Bonds, 5 percent were ceded in the stock market before and another 5 percent were offered to the Telecommunication Company's employees as preferential shares.
The remaining 20 percent will remain in the hands of the government.