Astra International Prepares Rp 2 Trillion Share Buyback, Execution Begins 16 March

PT Astra International Tbk (ASII) is preparing a corporate action involving the purchase of its own shares, or buyback, with a maximum value of Rp 2 trillion.

Corporate Secretary of ASII Gita Tiffany Boer explained that the share buyback will be financed using internal company funds. These funds do not come from borrowings or public offerings.

“The number of shares to be repurchased in the buyback execution will not exceed 20 per cent of the company’s paid-up capital, whilst ensuring that the number of free float shares after the buyback execution will not become less than 7.5 per cent of the paid-up capital,” wrote Gita in her statement on Friday, 13 March 2026.

Gita stated that the buyback step is aimed at maintaining the stability of ASII’s share price when market conditions fluctuate. The measure is also expected to increase investor confidence in the company’s fundamental value.

“To increase value for shareholders and support the government’s efforts to maintain stability and confidence in the Indonesian capital market, ASII plans to conduct a share buyback,” she added.

Treasury shares resulting from the buyback can be resold in the future. Such sales would be conducted if the company needs additional capital at what is deemed an optimal price.