PT Intikeramik Alamasri Industri Tbk (IDX:IKAI) announced a private placement of 3,323,811,901 common shares at a price of IDR 107 per share for gross proceeds of IDR 355,647,873,428 on October 30, 2017. The shares have a par value of IDR 100 per share. Post the closing, the number of issued shares will increase from 791,383,786 to 4,115,195,687. Pursuant to the transaction, the investors will acquire 80.77% stake in the company.