Danantara Reviews Potential Stake in Indonesia Stock Exchange
Jakarta, CNBC Indonesia — The Daya Anagata Nusantara Investment Management Agency (Danantara) is studying a plan to hold shares in the Indonesia Stock Exchange (IDX) in line with the bourse’s demutualisation process.
The move is intended to strengthen governance and boost investor confidence in the domestic capital market ecosystem.
Danantara CEO Rosan Roeslani said the agency is interested in entering the exchange’s ownership structure. According to him, the involvement of a sovereign wealth fund in bourse ownership is common practice in many developed countries.
“Yes, of course we are interested in the demutualisation being carried out by the OJK and the exchange, because this is indeed one of the things that needs to be done by the OJK, and it is also one of the inputs on how to make our exchange better in terms of governance, transparency and accountability,” he said when met at the DPR RI building in Jakarta on Wednesday (15/7/2026).
As for the size of the stake to be taken, the agency is still carrying out calculations and analysis. Rosan stressed that the main point of the plan is to optimise the exchange’s performance to match global standards through strengthening transparency and accountability.
“We are still studying, we are still studying what percentage, because the main point is that we together want to build our exchange to make it better, more optimal,” said Rosan.
He hopes the move will have a positive impact on market participants who need a high level of security assurance when transacting.
“People who transact on the exchange need a high degree of trust, and this is something that has been done in almost all exchanges around the world. So in this regard Danantara is certainly very interested, because we see that in exchanges in other countries, their sovereign wealth funds also hold a portion of the ownership,” he concluded.
For context, the government has enacted new rules under the Law on the Development and Strengthening of the Financial Sector (P2SK), which was passed some time ago.
The regulation also touches on a number of institutions that may become shareholders of the Indonesia Stock Exchange (IDX).
Citing Article 8B paragraph (1) of the P2SK Law, there are three state institutions that may become IDX shareholders: the Ministry of Finance, Bank Indonesia (BI), and the Daya Anagata Nusantara Investment Management Agency (Danantara).
“(1) The Ministry of Finance, Bank Indonesia, and the Daya Anagata Nusantara Investment Management Agency may become shareholders of the Stock Exchange,” the regulation states, quoted on Monday (22/6/2026).
However, the regulation also stipulates that the IDX, as a capital market institution, must maintain its independence.
“(2) Share ownership by the parties referred to in paragraph (1) shall be with the Stock Exchange maintaining its independence,” it reads.
In addition, paragraph (3) explains that IDX shareholders may consist of Indonesian individuals or legal entities, whether or not they are members of the Stock Exchange.
Other written provisions regarding Stock Exchange shareholders are also set out in Article 8 paragraph (5) of the P2SK Law, which is governed by Financial Services Authority (OJK) regulations.