Indonesian conglomerate Emtek unit increases stakes in Bukalapak for $79.6m

Indonesian conglomerate PT Elang Mahkota Teknologi Tbk (Emtek) has, through its subsidiary PT Kreatif Media Karya (KMK), increased its stake in Indonesian-listed major e-commerce company PT Bukalapak.com Tbk for 1.3 trillion rupiah ($79.6 million), according to its disclosure on the Indonesia Stock Exchange (IDX) on Tuesday.