February 2, 2026 | 10:29 am
TEMPO.CO, Jakarta - The Indonesia Stock Exchange (IDX) has responded to the interest of the Daya Anagata Nusantara Investment Management Agency (Danantara) in becoming a shareholder if the demutualization plan is implemented. IDX Development Director Jeffrey Hendrik stated that the exchange's independence will be maintained through government regulations regarding demutualization.
"We are confident that this will be regulated in the Draft Government Regulation (RPP) to maintain the exchange's independence," Jeffrey told reporters at the Indonesia Stock Exchange on Sunday, February 1, 2026.
Currently, the Financial Services Authority (OJK) and the Ministry of Finance are still working on regulations regarding exchange demutualization. Demutualization is targeted for implementation in the first quarter of 2026.
Meanwhile, Danantara Chief Executive Officer Rosan Roeslani claimed that his institution would maintain its independence if it were to join the IDX. Rosan stated that Danantara is permitted to invest directly and indirectly in various assets, in accordance with applicable policies.
"Of course, we will remain independent and conduct evaluations. If the pricing is good, then of course Danantara will enter the capital market," Rosan told reporters at the Indonesia Stock Exchange on Sunday, February 1, 2026. He said Danantara would first conduct a thorough study to determine its desired ownership portion.
Danantara Chief Investment Officer Pandu Sjahrir also claimed there would be no conflict of interest if his institution entered the stock exchange, even though many State-Owned Enterprises (SOEs) are listed on the IDX. Pandu stated that Danantara would only act as a shareholder if it were to enter the IDX.
"Shareholders' focus is on developing the company and ensuring that it generates profits for all shareholders and also creates a better organization or company. It's that simple," Pandu told reporters at the Indonesia Stock Exchange on Sunday, February 1, 2026.
Meanwhile, Pandu said, regulation-making remains the responsibility of the regulator, in this case the Financial Services Authority (OJK).
Read: IDX to Open All MSCI-Requested Data to the Public
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