JAKARTA. PT Saratoga Investama Sedaya Tbk (SRTG) has reportedly purchased shares of PT Tower Bersama Infrastructure Tbk (TBIG) for IDR 2.03 trillion through PT Wahana Anugerah Sejahtera (WAS), its own subsidiary.

Quoting the information disclosure in Indonesia Stock Exchange (IDX), the acquisition took place indirectly through the purchase of 976,600,000 shares on March 28, 2023, when the stock price hit IDR 2,080 mark. Thus, the total transaction reportedly reached IDR 2.03 trillion.

Post-transaction, SRTG’s portion in TBIG now rises to 2.09 billion shares, or approximately 9.26% of total issued and paid-up capital of TBIG. The management revealed that this transaction is a form of investment.

This transaction was assisted by PT Indo Premier Sekuritas (code: PD) as the broker of the buying party and PT Credit Suisse Sekuritas Indonesia as the selling party of 9.76 million round lots of shares. (AM/ZH)