According to the letter published by the Industrial Development Group of Iran (Vetusa) in Codal, the shareholders of Sarava received the first installment of the profit from the sale of Hezardastan Holding.
According to Ideaagency, about a month ago, in the assembly of Sarava company, it was approved by the majority of shareholders that the shares of Sarava company in “Hezardastan Holding” be sold to Hezardastan itself. Sarava owned about 12% of Hezardastan shares. Hezardastan Holding is the owner of CafeBazaar, Divar, Sotoon, Balad and Karnameh companies.
As a result of various valuations, the total value of Hezardastan shares was estimated at $7B. After the decision of the Sarava assembly, it was decided that the amount of $60M will be paid to Sarava for 09.12% of Sarava’s shares in Hezardastan with a discount of 30% according to the market norm, and it will be distributed among Sarava’s shareholders.
The cash transaction and its funds must be deposited in 3 stages in December and March of 2024 and also in June 2025. According to the letter published by Iran’s Industrial Development Investment Group (Vetusa) in Codal, the first installment of this transaction has been paid and distributed among small and large shareholders of Sarava.
Vetusa owns 22.22% of the shares of “Sarava” and the company will earn $8M from the Hezardastan deal, and $3M (about a third of the total amount) has been deposited into their account in the first stage.
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