Rans Entertainment Director Resigns Weeks After IPO
Translated from Indonesian, summarized and contextualized by DistantNews.
At a glance
- Grandy Prajayakti has resigned as Director of PT Rans Entertainment Indonesia Tbk (RANS), citing personal reasons.
- His resignation comes less than two weeks after the entertainment company, owned by Raffi Ahmad, completed its initial public offering on the Indonesia Stock Exchange.
- RANS stated that Prajayakti's departure will not materially impact the company's operations, legal standing, financial condition, or business continuity.
Grandy Prajayakti has stepped down from his position as Director at PT Rans Entertainment Indonesia Tbk (RANS), a move announced just weeks after the company's debut on the Indonesia Stock Exchange (IDX).
The resignation, submitted on July 22, 2026, was attributed to personal reasons, according to RANS Finance Director Rumunggu Yokonapita. The company confirmed receipt of Prajayakti's resignation letter. RANS plans to hold a General Meeting of Shareholders (GMS) to seek approval for Prajayakti's departure.
The resignation was submitted for personal reasons.
Despite the director's exit, RANS assured stakeholders that the resignation would not have a significant material impact on the company's operational activities, legal status, financial health, or overall business continuity. This statement aims to reassure investors and maintain confidence following the company's recent listing.
PT Rans Entertainment Indonesia Tbk began trading on the IDX on July 10, 2026. At its opening, the stock price surged by 34.12% from its initial offering price of Rp 170 to Rp 228 per share. However, by July 24, 2026, the stock had seen a slight decline, closing at Rp 214 per share, a drop of 6.96%. The company, associated with celebrity Raffi Ahmad, aims to leverage its brand recognition for sustainable growth.
The resignation will not have a material impact on the company's operational activities, legal status, financial condition, or business continuity.
Originally published by Tempo in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.