ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print

Indonesia's BNC Ventures takes 5.8% stake in Bank Aladin for $77m

Company will use new funding to meet regulatory capital requirements

Indonesia's Bank Aladin listed on the IDX in February 2021. (Source image from Aladin website)

JAKARTA -- Indonesian investment firm BNC Technologies Ventures has bought a 5.8% stake, worth 1.2 trillion rupiah ($77 million), in IDX-listed Bank Aladin Syariah through a private placement of shares.

According to disclosures to the Indonesia Stock Exchange (IDX) on Wednesday, Bank Aladin, a digital bank, 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 the new shares.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more