Reliance Power has entered into an agreement to sell its Indonesian step-down subsidiaries to Biotruster (Singapore) Pte. Ltd. The transaction involves the sale of 100% equity shareholding in several coal resource companies for USD 12 million. The deal, executed on September 29, 2025, is subject to customary conditions and is expected to close by December 30, 2025.
Subsidiary Divestment
Reliance Power has agreed to sell its Indonesian step-down subsidiaries. A Share Purchase Agreement was finalized on September 29, 2025, between Reliance Power Netherlands B.V., Reliance Natural Resources (Singapore) Pte. Ltd. (the Sellers) and Biotruster (Singapore) Pte. Ltd. (the Buyer).
Transaction Details
The agreement encompasses the sale of 100% equity shareholding in PT Avaneesh Coal Resources, PT Heramba Coal Resources, PT Sumukha Coal Services, PT Brayan Bintang Tiga Energi, and PT Sriwijaya Bintang Tiga Energi. The total consideration for this sale is USD 12,000,000 (Twelve Million United States Dollars), receivable upon closing.
Expected Completion
The closing of this transaction is anticipated on or before December 30, 2025, subject to certain conditions precedent. The net worth contributed by these subsidiaries was approximately Rs. 16,909 lakh, representing 0.53% of consolidated net worth. The buyer, Biotruster (Singapore) Pte Ltd., does not belong to the promoter or promoter group companies of Reliance Power.
Source: BSE
