PT Nirvana Wastu Pratama announced a private placement of 685,973,926 common shares at IDR 1,000 per share for gross proceeds of IDR 685,973,926,000 on March 29, 2016. Returning investor, PT Nirvana Development Tbk subscribed 445,883,052 shares to maintain its stake at 65% in the company. Another returning investor, Adventure Holdings B.V. subscribed 240,090,874 shares to maintain its stake at 35% in the company.