Garuda Indonesia plans rights issue to acquire 65.77% GMFI stake in financial restructuring
Bitget2026/11/04 16:02- Garuda Indonesia plans to issue up to 248,705,613,218 Series E shares through a rights offering under its financial restructuring.
- Indicative exercise prices range from Rp 58 to Rp 68 per share, according to the November 4, 2026, update.
- Danantara Asset Management will subscribe through a noncash contribution of 82,100,173,900 GMFI Series B shares, representing a 65.77% stake.
- Shareholders who do not exercise their rights face maximum dilution of 37.92%.
- Cash subscriptions will fund transformation initiatives; consolidated equity showed a USD 52.15 million deficit as of June 30, 2026.
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