Bourse and Competition Council able to revoke TCI block share trade

“When buyers and sellers do not abide by their commitments in the 30-day legal deadline and do not pay the franchise, the bourse is able to revoke the transaction,” Ali Saleh Abadi said.
“If the Competition Council decides that the TCI block share transaction procedure was carried out in non-competitive atmosphere, it can revoke the trade,” he added.
“The buyer’s deadline to pay the franchise is Nov 9,” bourse president said.
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