Bukalapak, Grab unit among firms buying into Indonesia digital bank rights issue


The logo of Bukalapak, an Indonesian e-commerce firm, is seen outside its headquarters in Jakarta, Indonesia. - Reuters

JAKARTA: Indonesian e-commerce firm Bukalapak.com and conglomerate Salim Group will subscribe to a planned 4.8 trillion rupiah ($335.55 million) rights issue by digital lender Allo Bank due to be launched next week, the bank said.

Car marketplace Carro, a subsidiary of ride hailing and food delivery firm Grab, online travel startup Traveloka and Growtheum Capital Partners will also participate in the rights issue, the companies said in a joint statement with other investors and Allo Bank on Wednesday.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Bukalapak , Salim Group , Allo Bank , Grab

Next In Business News

Apex Healthcare takeover becomes unconditional
Citaglobal wins two infrastructure projects totalling RM82.7mil
Ringgit ends lower amid profit-taking, lack of fresh market catalysts
MN Holdings wins RM177mil contract from TNB
AmanahRaya REIT completes RM390mil issuance under RM2bil MTN programme
Greenyield appoints Tham Kin Shun as acting MD
AME Elite to sell Johor industrial properties to CapitaLand Malaysia Trust for RM220.8mil
Kim Loong to acquire 75% stake in Kim Loong Mills Sarawak for RM10mil
George Kent wins RM34.5mil contract from Prasarana
FBM KLCI ends at intraday high, marks 16-month high

Others Also Read