Singtel Divests Entire Stake in Superbank (SUPA), Here is Why

Singtel Alpha Investments Pte. Ltd. has reported the complete divestment of its entire shareholding in PT Super Bank Indonesia Tbk. (SUPA), also known as Superbank. According to public information disclosures, the Singaporean subsidiary of Singtel executed this divestment action on 29 May 2026.

The total number of SUPA shares released amounted to 2.49 billion shares, equivalent to 7.36%. With a selling price of Rp326 per share, Singtel Alpha raked in Rp812.98 billion from the sale. Consequently, Singtel Alpha’s ownership in SUPA has dropped to 0 shares or 0%.

Singtel Alpha stated that the purpose of this large-scale divestment is for internal restructuring, according to the company’s disclosure released on Tuesday (2/6/2026).

As a reminder, the digital bank Superbank is controlled by the Emtek Group alongside the Southeast Asian super-app, Grab. In January 2023, Singtel and Grab acquired approximately 2.4 billion new shares in Bank Fama (before its rebranding to Superbank) with a value of around US$70 million.

Subsequently, the bank rebranded to Superbank in February as part of an effort to strengthen digital-based services and expand its financial offerings. Superbank later launched its application to the public on 19 June 2024, featuring direct integration with the Grab and OVO applications. Superbank conducted its Initial Public Offering (IPO) on the Indonesia Stock Exchange (BEI) on 17 December 2025.