Bank Pasargad Plans Another Pasargad Insurance Stake Auction After Earlier Sale Drew No Bids
Sahmino Newsroom | 2 November 2026 | 9 days ago
Bank Pasargad (ticker BPAS) said in a filing published Monday, November 2, 2026 (11 Aban 1405), that it plans to auction a block equal to 18.99% of Pasargad Insurance through Iran Fara Bourse in a second-stage sale. The auction is scheduled for Monday, November 16 (25 Aban). The bank says the stake will be offered as a single block under cash and instalment terms, at a price proposed by bidders.
The plan is part of the legal requirement for banks to reduce non-banking investments. An earlier auction of Pasargad Insurance shares on October 5 (13 Mehr) ended without bids. The latest notice announces an auction, not a buyer, a final price or proceeds received.
Sahmino context
What the prices have done since this story was published, and what Sahmino wrote around it
Over the same days, Tehran Stock Exchange Index rose 9.3 percent, to 8,357,840.
Over the same days, US Dollar fell 4.3 percent, to 2,599,000 rial.
- Tehran Stock Exchange Index
- +9.3%
- US Dollar
- −4.3%
Prices to the close of 10 November
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