Reliance Power Limited announced today that it has entered into an agreement to divest its stake in five Indonesian step-down subsidiaries to Biotruster (Singapore) Pte Ltd for a total consideration of $12 million. The company disclosed this information to the stock exchanges.
The deal entails the sale of 100% equity shares 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 sellers in this transaction are Reliance Power Netherlands B.V. and Reliance Natural Resources (Singapore) Pte. Ltd.
The sale is anticipated to close by December 30, 2025, contingent upon certain preconditions and customary terms. The total amount of $12 million will be received upon the transaction’s closing.
In a regulatory filing, Reliance Power noted that these Indonesian subsidiaries contributed no income and had a net worth of ₹16,909 lakh, which represents just 0.53% of Reliance Power’s consolidated net worth last fiscal year.
The company specified that Biotruster does not belong to the promoter, the promoter group, or any affiliated entities, ensuring that this transaction does not classify as a related-party transaction. Furthermore, it clarified that the divestiture is not part of any arrangement scheme.
As of 12:30 PM today, Reliance Power Limited’s shares were trading at ₹44.36, reflecting a decrease of ₹0.40 or 0.89% on the National Stock Exchange (NSE).
The article was published on September 29, 2025.
