PT Nippon Indosari Corpindo Tbk (ROTI) made the second buyback of shares with a maximum fund of Rp480 billion to buy a maximum of 300 million shares.

"The buy back of ROTI shares will be carried out starting from July 21, 2021 to October 20, 2021," said Director of Nippon Indosari Arlina Sofia in information disclosure on the Indonesia Stock Exchange (IDX), Monday (19/7).

According to Arlina, this corporate action did not decrease revenue and had no impact on Nippon Indosari's financing costs.

"The funds used are internal funds originating from operational activities. Nippon Indosari limits the share purchase price to a maximum of Rp1,600 per share," he explained.

The Company appointed BCA Sekuritas as a securities company that will conduct buyback transactions.