Pt Equity Life Indonesia announced a private placement of 2,800 common shares at the price of IDR 1,000,000 per share for gross proceeds of IND 2,800,000,000 on September 28, 2018. The transaction will include participation from existing investor PT Asuransi Dayin Mitra Tbk (IDX:ASDM) which hold 17.47% stake in the company. The company will increase capital by issuing shares at par value of IDR 1,000,000. The company has obtained approval from the Financial Services Authority.