JAKARTA. PT Itama Ranoraya Tbk (IRRA), a wholesale of laboratory and pharmaceutical equipment, will once aga arrange a buyback with a budget of IDR 50 billion.

The buyback is scheduled to take place from September 18 to December 17, 2023. “This buyback will use idle fund of the company, thus not affecting our revenue and financing,” the management of IRRA mentioned in the information disclosure in Indonesia Stock Exchange (IDX).

The buyback will be conducted through transactions in IDX. “It will use lower or equal to closing price on the previous day,” the management explained.

On today’s trading session, IRRA’s stock price was seen declining 10 points or shifting 164% lower to IDR 600 per share at 2.36 PM WIB. Within the past five years, IRRA’s price has increased 20% or 100 points. (KR/ZH)