Indonesian investment firm PT BNC Technologies Ventures has bought a 5.8% stake, worth 1.2 trillion rupiah ($76.84 million), through a private placement of shares in IDX-listed digital bank PT Bank Aladin Syariah Tbk.
According to disclosure information on the Indonesia Stock Exchange (IDX) on Wednesday, Bank Aladin issued 850 million new shares in the private placement at 1,400 rupiah apiece. BNC Ventures, which is not affiliated with the company, lapped up all of the new shares.
