Jakarta - PT Nippon Indosari Corpindo Tbk (ROTI) plans to allocate a share buyback fund of Rp227.27 billion.

"The implementation of the share buyback does not result in a decrease in revenue and does not have an impact on the company's financing costs, considering that the funds used are internal funds originating from operational activities," said ROTI Director Arlina Sofia in information disclosure in Jakarta on Thursday (4/21).

The planned number of shares to be repurchased is a maximum of 133,691 million shares, and this corporate action will be carried out from April 21, 2022, to July 20, 2022.

The buyback price is estimated at Rp1,700 per share, and BCA Sekuritas, as a securities company, is carrying out the plan.

According to Arlina, share buybacks can stabilize prices in volatile market conditions and provide flexibility for the company in managing long-term capital.

"Because the companyh can resell treasur