Prospects for Danantara, BI, and the Ministry of Finance to Become IDX Shareholders via Demutualisation

The institutional transformation of the Indonesia Stock Exchange (IDX) through demutualisation is still awaiting derivative regulations from the P2SK Law. This demutualisation opens up the opportunity for the Ministry of Finance, Bank Indonesia, and Danantara to become shareholders of the IDX. One of the key points regulated in Law Number 4 of 2026 concerning Amendments to Law Number 4 of 2023 on the Development and Strengthening of the Financial Sector (P2SK) is allowing the bourse to operate as a profit-oriented company with a broader ownership structure. As such, the IDX is expected to attract the interest of large investors who play a role in advancing the Indonesian bourse.