Indofood Group Launches Rp1.5 Trillion Share Buyback Amid Market Volatility
Indofood Sukses Makmur (INDF) and Indofood CBP Sukses Makmur (ICBP), subsidiaries of Indonesian conglomerate Anthoni Salim, announced a combined share buyback program worth Rp1.5 trillion to counter stock price declines following an MSCI announcement. The buyback, with each company allocating Rp750 billion, will run from October 26 to December 31, targeting up to 20% of outstanding shares.
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