Indonesia Digest: BCA picks stake in ATM ALTO; Paytren buys 5% in tempo; Hexindai lifts 20% in Musketeer

Indonesia Digest: BCA picks stake in ATM ALTO; Paytren buys 5% in tempo; Hexindai lifts 20% in Musketeer

Photo: Reuters

In the latest stake-acquisition deals involving Indonesian companies, Indonesian lender Bank Central Asia (BCA), through its venture capital arm Central Capital Ventura (CCV), has acquired 2 per cent in switching company PT Daya Network Lestari (ATM ALTO). Meanwhile, fintech startup Paytren has acquired a 5% share in local media firm PT Info Media Digital and Indonesian online lending platform Musketeer Group Inc has sold 20% of its shares to Chinese firm Hexindai.

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