Bank Eqtesad Novin Announces New Auction of Investment-Company Shares
Sahmino Newsroom | 9 November 2026 | 3 days ago
Bank Eqtesad Novin, ticker NOVN, said in a filing published on Monday, November 9, 2026 (18 Aban 1405) that it plans to offer a block of shares in Eqtesad Novin Investment for cash on the yellow tier of Farabourse's base market. The notice lists 1,164,362,974 shares and sets the auction for November 25, 2026 (4 Azar 1405). The bank links the offer to statutory requirements to sell nonbank assets.
This auction concerns its investment company, not the Novin Insurance block announced in a separate filing. The new notice records a planned sale only, with no winning bidder or realised proceeds yet reported.
Sahmino context
What the prices have done since this story was published, and what Sahmino wrote around it
Since this story was published, NOVN rose 0.6 percent, to 3,600 rial.
Over the same days, Tehran Stock Exchange Index rose 3.6 percent, to 8,427,304.
Over the same days, US Dollar rose 0.1 percent, to 2,640,700 rial.
- NOVN
- +0.6%
- Tehran Stock Exchange Index
- +3.6%
- US Dollar
- +0.1%
Prices to the close of 11 November
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