Bukalapak backer Emtek in talks to invest in Bank of India Indonesia

Photo by Ahsanjaya from Pexels

Indonesian media and technology conglomerate Elang Mahkota Teknologi (Emtek Group) is in talks to pick up a stake in Jakarta-headquartered Bank of India Indonesia Tbk (BSWD), sources privy to the matter told DealStreetAsia.  

For the largest shareholder of Indonesian marketplace Bukalapak and e-wallet DANA, an investment in a bank will boost its financial services portfolio and support its other businesses that span media, technology and healthcare. 

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