PT Indosiar Karya Mandiri Tbk (JKSE:IDKM) announced a private placement for gross proceeds of IDR 400 billion on January 31, 2012. The transaction will see participation from existing investor PT Elang Mahkota Teknologi Tbk. On March 2, 2012, the company announced that it will issue IDR 496.54 billion in funding in the transaction. The investor will gain 27.24% stake in the company.