Indonesia May Review Free Float Rule on Barito Drop, Kontan Says

The Indonesia stock exchange is exploring some possible adjustments to its existing free float regulation, according to local news portal Kontan.

Among the issues under consideration include the criteria for shares designated as free float during the initial public offering, the report said on Tuesday, citing I Gede Nyoman Yetna, listing director at the local bourse. Authorities will look into the number of shares offered to the public.

The regulator’s comments came amid the recent deletion of PT Barito Renewables Energy from FTSE Russell indexes a day after the stock was added. The index compiler cited “high shareholder concentration” for ...