Kordsa Teknik Tekstil stock falls 1.97 percent after capital move
Published on 09/25/2026 at 07:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Kordsa Teknik Tekstil stock fell 1.97 percent to TRY 2.99 on Borsa Istanbul on September 24, 2026. The move came as investors assessed a planned 100 percent paid capital increase that would lift issued capital from TRY 3,695,860,271.57 to TRY 7,391,720,543.14.
Capital doubles to TRY 7.39 billion
According to GZT on September 17, 2026, Kordsa plans to raise its issued capital by 100 percent, with existing shareholders retaining their preemptive rights. The planned issue price is TRY 1 for each 100 shares with a nominal value of TRY 1.
The proposed increase follows a completed bonus issue that raised issued capital from TRY 194,529,076 to TRY 3,695,860,271.57. The sequence matters for investors because the second transaction is designed to bring in cash, while the earlier increase came from internal equity adjustments.
Stock stays below yearly high
At TRY 2.99 on September 24, 2026, the stock was 42.61 percent below its 52-week high of TRY 5.21 and 19.60 percent above its 52-week low of TRY 2.50. Its market capitalization stood at TRY 11,050,615,166 on the same date.
The price context gives the capital decision a clear market test. A larger equity base can support balance-sheet flexibility, but the planned doubling also changes the number of shares and makes per-share comparisons less direct across the two capital transactions.
Industrial textiles remain central
Kordsa manufactures reinforcement materials for vehicle tires, industrial fabrics, rubber products and advanced composites. Its business spans North America, South America, Europe, the Middle East, Africa and Asia, with technical textiles linking the tire and aerospace applications.
September price snapshot
Kordsa Teknik Tekstil stock stood at TRY 2.99 on Borsa Istanbul on September 24, 2026, down 1.97 percent for the session. The quote sits below the TRY 5.21 52-week high while the company advances a capital plan from TRY 3.70 billion to TRY 7.39 billion.
Kordsa Teknik Tekstil stock snapshot
- Company: Kordsa Teknik Tekstil A.S.
- Ticker: KORDS
- Trading venue: Borsa Istanbul
- Price as of September 24, 2026: TRY 2.99
- Market capitalization: TRY 11,050,615,166 as of September 24, 2026
- 52-week range: TRY 2.50-5.21 as of September 24, 2026
- Sector / Industry: Industrials / Manufacturing - Textiles
