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View all search resultsDanantara’s IDX ownership plan gets guarded welcome
Danantara CEO Rosan Roeslani pointed out that it is common practice for sovereign wealth funds (SWFs) to hold stakes in bourses, typically ranging from 15 percent to 30 percent.
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The logo of the Indonesia Stock Exchange (IDX) is seen at the IDX building in Jakarta on Jan. 29, 2026, (AFP/Yasuyoshi Chiba)
S
tate asset fund Danantara is gearing up to secure stakes in the Indonesia Stock Exchange (IDX) as authorities aim to demutualize the bourse, transforming it from a member-owned entity dominated by brokerages into a regular corporation that can include external stakeholders.
Analysts have expressed cautious optimism about the government fund’s entry into the capital market, acknowledging that the move could help stabilize market shocks while warning of potential risks to the bourse’s independence.
Danantara CEO Rosan Roeslani has said that the institution is assessing plans to become one of the IDX’s future shareholders once the demutualization is rolled out. He pointed out that it is common practice for sovereign wealth funds (SWFs), a role Danantara partly fulfills, to hold stakes in several global bourses, typically ranging from 15 to 30 percent.
He stressed that ownership after the IDX’s demutualization would not be limited to Danantara, as opportunities would also be open to other SWFs and foreign investors.
“We’re currently waiting for the process from the OJK [Financial Services Authority] and IDX. But of course, once the demutualization is implemented, with a separation between membership and ownership, we’re open to the possibility of participating in the IDX in terms of ownership,” he told reporters on the sidelines of the CNA Summit on Thursday.
Danantara has been highly involved in the capital market reform agenda following a rout triggered by global stock market index compiler MSCI over transparency concerns regarding the ownership of Indonesian stocks, which raised the risk of a status downgrade from emerging market to frontier market.
Read also: IDX plunges after MSCI warning about RI stocks
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