Company selling engine oil increases its authorized capital

17:26 - 3.10.2024


October 3, Fineko/abc.az. Caspian Equipment Company OJSC has issued 100 ordinary undocumented shares with par value of 1,000 manats each.

ABC.AZ reports, referring to the company, that the purpose of the issue is to increase the authorized capital.

If the placement of shares is successful, company’s authorized capital will be doubled – from 100,000 up to 200,000 manats.

100% of the authorized capital of Caspian Equipment Company belongs to Eldaniz Rustamov.

The company started its activity in 2019. The main function of the company is the wholesale of parts, assemblies and components for cars.