TP Rachmat Divests 42.2 Million Shares of ESSA, Realising IDR32.96 Billion

T. P. Rachmat has divested its shareholding in PT ESSA Industries Indonesia Tbk (ESSA), selling 42.23 million shares. The share transaction took place on 5 March 2026.

According to Indonesia Stock Exchange (IDX) disclosure, the share sale was executed through seven separate transactions with prices ranging from IDR765 to IDR795 per share.

The breakdown comprises: 7,842,900 shares at IDR765 per share; 2,580,600 shares at IDR775 per share; 2,564,100 shares at IDR780 per share; and 5,194,800 shares at IDR770 per share.

Additionally: 11,392,200 shares at IDR790 per share; 2,473,900 shares at IDR795 per share; and 10,190,700 shares at IDR785 per share.

The total value of the share sale transaction is estimated to reach approximately IDR32.96 billion. The transaction was undertaken for divestment purposes.

As a result, Rachmat’s shareholding has been reduced to 1,182,110,356 shares, equivalent to 6.86%, from previously 1,224,349,556 shares representing 7.11%.