JAKARTA – PT Indosterling Sarana Investama (ISI), the controlling shareholder of PT Indosterling Technomedia Tbk TECH), has divested 4.82% of its portion for equity-based loan (repurchase agreement/repo).

Based on the information disclosure quoted Tuesday (31/1), Devin Christopher B., Corporate Secretary of TECH, confirmed that post-transaction, ISI’s stock portion will shrink from 68.37% to 63.55%. The transaction was split into rounds, lasting from January 24 to 31, 2023.

The selling price within those five consecutive years were varied from IDR 1,465 to IDR 1,945 per share, or on average, IDR 1,693 per share. Once accumulated, the transaction value of these 855,736,129 shares clocked up to IDR 1.44 trillion.

As of November 2022, ISI’s portion in TECH reached 75.14% of a total 1.25 billion shares, followed by public investors of 24.82% and Yoas of 0.04%. (LK/ZH)