PT Indonesia Transport & Infrastructure Tbk (JKSE:IATA) announced a private placement of 332,692,000 shares at IDR 52 per share for gross proceeds of IDR 17,299,984,000 on March 23, 2017. The company will issue shares at premium of IDR 2 per share. The shares will be notified to Otoritas Jasa Keuangan on April 5, 2017. The transaction is expected to close on April 17, 2017. The shares are subject to a lock up period.