Bakielektrikshebeke's capital to be increased by three times
Azerbaijan, Baku, October 2 / Trend /
The Azerbaijani State Securities Committee registered the prospectus of ordinary registered uncertified shares of Bakielektrikshebeke worth 180 million manat, the committee said.
The issue prospectus includes 90 million shares at par value of two manat each.
"Bakielektrikshebeke" deals with the sale and distribution of electricity in the capital of Azerbaijan. It buys electricity from "Azerenergy", which it produces and distributes in the rest regions of the country.
The authorized capital is 85 million manat. It will be brought up to 265 million manat.
As of October 2, the official exchange rate is 0.8026 manat to $1.