Telco firm PT XL Axiata Tbk (EXCL) aims to raise Rp6.73 trillion from issuing 2.13 billion new shares through preemptive rights scheme—representing 20% of its enlarged shares capital. The exercise price is set at Rp3,150 per unit. Each shareholder with 100 old shares is entitled to buy 25 rights or new shares. Credit Suisse (Singapore) Limited and PT Mandiri Sekuritas will act as standby buyer. While the main shareholder, Axiata Investments (Indonesia) Sdn. Bhd., is committed to absorbing its portion of 1.41 billion new shares.To subscribe please click here