KONTAN.CO.ID - Indonesian investment heavyweight PT Saratoga Investama Sedaya Tbk (SRTG) has recorded a major corporate insider transaction, with co-founder and controlling shareholder Edwin Soeryadjaya aggressively expanding his direct equity exposure. According to a capital market disclosure submitted to the
Indonesia Stock Exchange (IDX) on Friday (18/9/2026), the veteran tycoon executed a precise 1.24 million share accumulation tranche across two consecutive trading sessions via the regular market grid. The calculated block trade materialized a cumulative transaction value of approximately IDR 2.196 billion.
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The open-market buyback program was completed across a flat pricing benchmark, signaling that management assesses current valuation levels as highly attractive:
- September 16, 2026: Soeryadjaya accumulated an initial 900,000 common shares locked at an execution price of IDR 1,771 per share (worth IDR 1.59 billion).
- September 17, 2026: Followed up by securing an additional 340,000 shares at the exact same execution rate of IDR 1,771 per share (worth IDR 602.14 million).
The transaction parameters officially modified the internal voting power layout of the leading private equity firm. Soeryadjaya’s total direct investment inventory expanded from 4,874,529,190 shares up to 4,875,769,190 shares, elevating his absolute controlling block to 35.9442% from the prior 35.935% threshold. The veteran corporate leader verified that the continuous equity collection is strictly dedicated to long-term asset alignment, confirming his absolute status as the company's primary driver.
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Following the regulatory disclosure, Saratoga equity displayed robust bullish traction on the open market, surging by 4.24% to close Friday's trading session at IDR 1,845 per share.
The short-term price action successfully absorbed regional emerging market corrections, logging a positive 5-day trading bracket expansion of 1.65%. For global macro asset managers and frontier market private equity desks tracking Southeast Asia, this high-conviction insider purchase delivers a premium qualitative catalyst. It underscores that Saratoga's executive branch is actively deploying personal capital to anchor the group's net asset value (NAV) stability, reinforcing a defensive floor for the asset over the current multi-year holding horizon.
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