PT Erafone Artha Retailindo announced a private placement of 15,000,000 shares at IDR 1,000 per share with existing investor, PT Erajaya Swasembada Tbk for gross proceeds of IDR 15,000,000,000 on November 13, 2012. The investor holds 99.3% stake in the company upon closing, with an increase of 0.3% from initial 99%.

On November 13, 2012, PT Erafone Artha Retailindo closed the transaction.