Iran’s Pardis Petrochemical Company will offer a 3.71% stake in Persian Gulf Petrochemical Industries Holding (PGPIC), traded under the symbol “FARS,” in a block transaction scheduled for November 17, 2026 on Tehran Stock Exchange (TSE).
The offering comprises 46.375 billion shares at a base price of Rial 25,340 per share, giving the block an estimated value of approximately Rial 117.5 trillion. Pardis Petrochemical will sell the shares on its own behalf and as the representative of Shiraz Petrochemical and Kermanshah Petrochemical Industries.
The transaction will be conducted as a single-block, all-cash sale and is classified as non-controlling. Interested buyers must submit their applications by November 16 and provide a deposit equal to 10% of the block's total value. The winning bidder will have two business days to settle the transaction.