PT Magna Investama Mandiri Tbk (IDX:MGNA) entered into a shares sale and purchase agreement to acquire a 98.17% stake in PT Grha Swahita from PT Tridaya Investindo for IDR 66 billion on November 22, 2021. The consideration will be paid in cash. MGNA will pay IDR 1.232 per share to acquire 53,580 shares, representing a 98.17% stake in PT Grha Swahita.

The transaction will be carried out upon fulfilment of all preliminary conditions.