Archipelago Investment Pte Ltd acquired additional 22.15% stake in PT Famon Awal Bros Sedaya Tbk (IDX : PRAY) from Pt Awal Bros Citra Batam, PT Sehat Abadi Cemerlang ,Yos Effendi Susanto and others for IDR 2.9 Trillion on February 27, 2023. Archipelago Investment total shares acquired reached to 3,092,358,400 shares were bought at IDR 954 per share. Previously, in the report of the Indonesian Central Securities Depository (KSEI) as of February 27, 2023, the name Archipelago Investment appeared as a PRAY investor with an ownership interest above the latest 5% and post completion, They now hold 27.15 percent of PRAY's shares after acquiring 3.78 billion (3,789,358,400) shares.

PT Awal Bros Citra Batam, was seen releasing 650.06 million shares, reducing its ownership percentage to 17.34%. Prior to the transaction, Awal Bros owned 3.07 billion shares of PRAY, equivalent to 22.0 percent Yos Effendi Susanto sold 259,204,000 shares which is equivalent to 1.86% stake and PT Sehat Abadi Cemerlang sold 1,986,200,000 shares or 14.23%