ABB India Limited confirmed the execution of the Business Transfer Agreement (BTA) with ABB Robotics India Private Limited for the slump sale of its Robotics Business. The BTA was executed on March 1, 2026, following prior shareholder approval. The transfer, valued at Rs. 1,568,20,00,000/-, is effective from March 01, 2026, with final closing actions expected shortly thereafter.
Confirmation of Business Transfer Agreement
ABB India Limited formally announced the execution of the Business Transfer Agreement (BTA) to transfer its Robotics Business to ABB Robotics India Private Limited. This transaction is being completed on a slump sale basis, as previously disclosed.
Key Transaction Milestones
The company provided definitive updates following earlier communications regarding the transfer:
- The Board of Directors had initially approved the transfer on January 26, 2026.
- Shareholder approval for the Business Transfer was obtained on February 27, 2026.
- The definitive Business Transfer Agreement (BTA) was executed on March 1, 2026, at 11:51 pm.
Consideration and Completion Date
The total consideration approved for the transfer of the Robotics Business amounts to Rs. 1,568,20,00,000/- (Rupees One Thousand Five Hundred Sixty-Eight Crores and Twenty Lakhs only).
Regarding the timeline for finalization:
- The date the agreement for sale was entered into was March 1, 2026.
- The Business Transfer is confirmed as effective from March 01, 2026. The actual payment of consideration and completion of all closing actions are anticipated to occur in line with the timelines disclosed previously on January 26, 2026.
ABB India confirms that this disclosure provides the necessary updates following the execution of the binding agreement as required for corporate governance purposes.
Source: BSE
