End of September 2009, Mobin Trust Consortium along with Tose'e Etemad Investment Company and Sina Bank won the tender for TCI (50% + one share) for $7.8 billion.[10] Among its major investors were IRGC Co-op Foundation, Mostazafan Foundation, and Execution of Imam's Order company.[11] The Government Ministry retained the remaining 40%, TCI employees held 5% and the last 5% shares worth of 344 billion Rials were sold on the Tehran Stock Exchange in just 8 minutes.[12] In November 2009, the consortium paid 1564 billion tomans for the 50 percent of the shares in the Telecommunication Company priced over 7000 billion tomans with rest of the amount to be paid within next eight years.