A consortium of Asiariver Advisors Pte., Ltd., a Singapore-based private equity firm, has acquired a 15% ownership in PT Duta Graha Indah Tbk, an Indonesia-based construction company with core business on construction and engineering capabilities, from PT Lokasindo Aditama for INR103,900 million ($12.12 million).
As part of the acquisition, Asiariver acquired 831,150,000 total number of shares at a price of IND125 ($0.01) per share.