5% stake in XL – or 533.41 million shares – to Ferrymount Investments Limited( FIL), Procap

PETALING JAYA: The impact of Axiata Group Bhd’s trimming its stake in Indonesia-listed XL Axiata( XL) is expected to be minimal. The mobile telecommunications company will still own a controlling stake in XL once the deal is completed. Axiata had on Monday announced it would dispose of 533.4 million shares, representing a 5% equity interest, in XL to Ferrymount Investments( FIL) for 1, 440 billion rupiah( RM423. 5mil) or 2, 700 rupiah( 79 sen) per share. Axiata owns a 66.5% stake in XL. PublicIn