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Number of Adaro Shareholders Tops 100,000

Thresa Sandra Desfika
June 19, 2023 | 3:18 pm
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A coal-fired power plant owned by Adaro Energy. (Photo courtesy of Adaro)
A coal-fired power plant owned by Adaro Energy. (Photo courtesy of Adaro)

Jakarta. The number of shareholders in Adaro Energy Indonesia (ADRO) has risen sharply since April to reach more than 100,000, according to the company’s recent filing.

Adaro’s filing to the Indonesia Stock Exchange mentions that the company now has 100,373 shareholders compared to 84,554 in April. 

Adaro Strategic Investments controls a commanding stake of 43.91 percent and founder Garibaldi ‘Boy’ Thohir holds 6.18 percent. The public owns 46.48 percent of the stake, while the remaining 3.43 percent was reacquired as treasury stock.

Parent company Adaro Strategic Investments comprises two corporate shareholders namely Adaro Strategic Lestari (25.07 percent) and Adaro Strategic Capital (74.93 percent).

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To go even further, Adaro Strategic Capital involves four companies owned by conglomerates with a 25 percent stake each, namely Saratoga Investama Sedaya (Edwin Soeryadjaya and Sandiaga Uno), Trinugraha Thohir (Boy Thohir, Erick Thohir, Edna Thohir, and Hireka Vitaya), Persada Capital Investama (Meity Subianto, Arini Subianto, Armeilia Subianto, and Ardiani Subianto), and Triputra Investindo Arya (TP Rachmat L R Imanto and Christian Ariano Rachmat).

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