Business · Companies · 8 hrs ago
Turkish regulator removes three Tera Yatırım capital applications from review
Turkey’s Capital Markets Board removed three applications from processing submitted by Tera Yatırım Menkul Değerler.
The company said the regulator cited current conditions and uncertainties in its decision.
One application sought approval to issue up to 19 billion lira in debt securities for sale to qualified investors in Turkey.
Another proposed a capital increase that would allocate shares to company shareholder Emre Tezmen, with total sale proceeds of 50 billion lira.
A third sought to raise the company’s capital from 700 million to 28.7 billion lira using its 2025 net profit.
The applications covered major fundraising and capital changes, but the announcement did not say whether or when they could be submitted again.
Turkey’s Capital Markets Board removed three Tera Yatırım applications from review, citing current conditions and uncertainties.
The applications covered a debt issuance of up to 19 billion lira and two capital increases.
One capital increase sought 50 billion lira in sales proceeds through a placement to shareholder Emre Tezmen.
The other proposed raising the company’s capital from 700 million lira to 28.7 billion lira using 2025 net profit.
Tera Yatırım disclosed the decision through Turkey’s Public Disclosure Platform.
- Who
- Turkey’s Capital Markets Board and Tera Yatırım Menkul Değerler AŞ.
- What
- The board removed three company applications from review: a debt issuance and two capital increases.
- When
- The decision was reported on October 14, 2026. The applications were dated September 9, 2025, March 17, 2026, and May 20, 2026.
- Where
- Turkey.
- Why
- The board cited current conditions and uncertainties, under Article 96(1) of the Capital Markets Law and relevant regulations.
This story does not have two clearly opposing sides.
Tera Yatırım applied to issue up to 19 billion lira in debt instruments for sale to qualified investors.
The company applied for a capital increase allocated to Emre Tezmen, targeting 50 billion lira in total sales proceeds.
The company applied to increase its capital by 28 billion lira using 2025 net profit.
Tera Yatırım disclosed that the Capital Markets Board had removed all three applications from review.
- Debt issuance
- Up to 19 billion lira
- Private placement
- 50 billion lira in targeted sales proceeds; allocated to Emre Tezmen
- Internal-resources increase
- 28 billion lira, funded by 2025 net profit
- Proposed capital
- From 700 million lira to 28.7 billion lira
- Decision basis
- Article 96(1) of the Capital Markets Law and relevant regulations
2 sources
What people are saying
taking into account current conditions and uncertainties