While the Istanbul Stock Exchange has experienced volatility in recent weeks, three companies have consecutively announced their decisions to perform capital increases free of charge. These decisions, eagerly awaited by investors, also provide clues about the companies’ future plans.
Arzum’s Free Capital Increase
The first announcement concerning a free capital increase of the week came on October 14 from Arzum Elektrikli Ev Aletleri Sanayi ve Ticaret A.Ş. (ARZUM). The company decided to increase its capital by 267,790,000 TL, exceeding its registered capital ceiling of 160,000,000 TL. With this increase, the company’s capital will rise from 32,210,000 TL to 300,000,000 TL.
Tureks Turizm’s 900% Free Share Increase
The second announcement came on October 16 from Tureks Turizm Taşımacılık A.Ş. (TUREX). The company decided to increase its paid-in capital from 108,000,000 TL to 1,080,000,000 TL, raising it by 972,000,000 TL within its registered capital ceiling of 5,000,000,000 TL. This increase represents a significant rate of 900%.
Escort Teknoloji Yatırım’s Capital Increase
The third company to announce a free capital increase this week was Escort Teknoloji Yatırım A.Ş. (ESCOM). The company decided to increase its paid-in capital from 49,992,100 TL by 1,310% to reach 704,842,185 TL. This increase, funded by both capital inflation adjustment differences and special funds, highlights the company’s growth objectives.
The decisions for free capital increases made by Arzum, Tureks, and Escort Teknoloji reflect the companies’ future goals and investment plans. In the wake of the fluctuations experienced on the Istanbul Stock Exchange, these announcements are being closely monitored by investors.
Source
Arwen Volkov, A graduate of the University of St. Gallen in Switzerland with a degree in International Finance, Arwen specializes in sustainable finance and green investments. She began her career at an investment bank in London, where she developed financing models for environmentally friendly projects. Known for her analytical and strategic thinking skills, Arwen is a sought-after financial consultant. In her spare time, she mentors fintech startups, contributing to their growth strategies. She is also a nature enthusiast and an amateur photographer.
