Jakarta - PT Indocement Tunggal Prakarsa Tbk (INTP) plans to buy back (buyback) shares as much as Rp3 trillion.

"The number of shares repurchased will not exceed 20% of the paid-up capital, provided that the outstanding shares are at least 7.5% of the company's paid-up capital," said INTP Corporate Secretary Oey Marcos in information disclosure on Monday (6/12).

Furthermore, the company will carry out the repurchase plan in stages from December 6, 2021, to March 4, 2022.

"The plan to buy back shares is carried out considering the market conditions that fluctuate significantly," he said.