Archipelago Capital Partners Pte. Ltd. acquired 20.6% in PT Radana Bhaskara Finance Tbk (IDX:HDFA) from PT Tiara Marga Trakindo on November 25, 2019. As per the agreement signed with PT Tiara Marga Trakindo, 480 million shares are acquired. In a related transaction, Archipelago Capital Partners Pte. Ltd. signed an agreement and acquired stake in PT Radana Bhaskara Finance Tbk from PT Inti Investasi Prima and also agreed to acquire stake from PT Eliora Lumina Indonesia and PT HD Corpora and in totality acquired 26.9 stake from these three sellers. Post completion, PT Tiara Marga Trakindo will hold 1.2 billion shares. Nicola Yeomans of Herbert Smith LLP, Singapore with Vik Tang, Teguh Arwiko, Viska Kharisma and Cellia Cognard of Hiswara Bunjamin & Tandjung acted as legal advisors for Archipelago Capital Partners Pte. Ltd. HHP Law Firm acted as legal advisor for PT Tiara Marga Trakindo. Archipelago Capital Partners Pte. Ltd. completed the acquisition of 20.6% in PT Radana Bhaskara Finance Tbk (IDX:HDFA) from PT Tiara Marga Trakindo on November 25, 2019.