Jakarta - PT Indonesia Transport & Infrastructure Tbk (IATA) plans to increase its capital without providing pre-emptive rights or private placement of a maximum of 718.147 million shares with a nominal value of Rp50 per share.

The company's brief prospectus published on Wednesday (13/10) states that the private placement plan has obtained shareholder approval through the EGMS on July 27, 2020, and was reaffirmed in the EGMS on July 21, 2021.

The price for the implementation of the private placement is Rp50 per share, which the new shareholders will pay in cash.

The implementation of the private placement is planned for October 19, 2021, and notification of the results is on October 22, 2021.