PT Benakat Integra Tbk (IDX:BIPI) announced a private placement of 3,650,817,000 common shares at a price of IDR 86 per share for gross proceeds of IDR 313,970,262,000 on November 3, 2017. Post the closing the number of issued shares will increase from 36,508,170,014 to 40,158,987,014. The shares have a par value of IDR 50 per share. Pursuant to the transaction, the investors will acquire 9.09% stake in the company.