JAKARTA - PT MNC Digital Entertainment Tbk (MSIN) steps in as the new shareholder of PT Tripar Multivision Tbk (RAAM) via private placement of 619.42 million shares, bought for IDR 500 each. The transaction is recorded totalling IDR 309.71 billion.

In the information disclosure quoted Friday (13/9), Whora Anita Raghunath, President Director of RAAM, said that after this private placement, the number of shares of RAAM rises to 6.81 billion from 6.19 billion shares.

The inclusion of MSIN as RAAM’s new shareholder had been approved during Extraordinary General Meeting of Shareholders yesterday (12/9). The number of unexercised shares reportedly reaches 13.18 billion shares.

On the other hand, Harry Tanoesoedibjo, Executive Chairman of MNC Group, said that the acquisition over RAAM’s shares is an important step in expanding the operation in media and entertainment sector in Indonesia.

“I, in several opportunities, have had a good experience in collaborating with Raam Punjabi, building solid partnership for years. We are elated to be able to collaborate with RAAM through this acquisition,” Tanoesoedibjo added.

After this acquisition, the strategy that will be implemented includes synergy in content production, cost efficiency, shared expertise, monetisation, and other collaborative initiatives. As of August 2024, the number of shares of RAAM reaches 6.19 billion, split into Ram Jethmal Punjabi 77.33%, PT Tripar Multi Image 0.81%, and the public 21.86%. (LK/ZH)