Danantara Prepares Investment as IDX Demutualization Advances

RRI.CO.ID, Jakarta – The Financial Services Authority (OJK) has opened the door for Danantara Indonesia to become a shareholder in the Indonesia Stock Exchange (IDX), as part of the demutualization plan currently being prepared by the regulator.

Head of Supervision for Capital Markets, Derivatives, and the Carbon Exchange at the OJK, Hasan Fawzi, said that under Law No. 4/2026 (P2SK Law), the Indonesian government is represented by Bank Indonesia (BI), the Ministry of Finance, and Danantara Indonesia within the IDX structure.

“These institutions will certainly be the first to have the opportunity to hold shares in the exchange, followed by a private deal among them,” Hasan said in Jakarta on Monday, August 10, 2026, as quoted by Antara.

OJK is drafting an OJK Regulation (POJK) that will serve as the legal basis for the IDX’s demutualization. The regulation will govern the change in the exchange’s institutional structure from a mutual system to a demutualized system.

The regulator aims to finalize the POJK -- derived from Law No. 4/2026 or the revised P2SK Law -- by the second week of September. Completion of the regulation will be a crucial step before changes to the IDX’s ownership structure are implemented.

This plan aligns with Danantara Indonesia’s preparations to acquire a stake in the IDX.

Danantara Indonesia Chief Investment Officer (CIO) Pandu Sjahrir said the company is coordinating with the OJK and the IDX Board of Directors regarding the demutualization process. “Hopefully, it can be finalized within the next few months,” he said.

Pandu said the percentage of shares to be held by Danantara Indonesia is still under discussion. “Danantara will provide guidance to PT Danantara Investment Management (DIM) to execute investments for this demutualization,” he said.

Earlier, Hasan stated that BI, the Ministry of Finance, and Danantara Indonesia will be the first parties eligible to become shareholders of the IDX under the new structure.

OJK is targeting completion of the POJK on demutualization -- derived from Law No. 4/2026 (Revised P2SK Law) -- by the second week of September 2026. ***