Archive · 29 Sep 2025
Reliance Power Sells Indonesian Units for $12 Million
Reliance Power is selling its stakes in five Indonesian coal subsidiaries to Biotruster Pte Ltd, a Singapore-based company.
The deal, worth $12 million, was agreed upon on September 29, 2025, with the sale expected to finalize by December 30, 2025.
The subsidiaries include PT Avaneesh Coal Resources, PT Heramba Coal Resources, PT Sumukha Coal Services, PT Brayan Bintang Tiga Energi, and PT Sriwijaya Bintang Tiga Energi.
The buyer is not related to Reliance Power's promoters.
These subsidiaries did not contribute any income during the last financial year and represented a small portion of the company's net worth.
Reliance Power will sell its stake in five Indonesian coal subsidiaries.
The buyer is Singapore-based Biotruster Pte Ltd.
The sale price is approximately $12 million.
The share purchase agreement was executed on September 29, 2025.
The deal is expected to complete by December 30, 2025.
- Who
- Reliance Power
- What
- Sale of Indonesian subsidiaries
- When
- Agreement signed September 29, 2025; Expected completion December 30, 2025
- Where
- Indonesia
- Why
- Not explicitly stated in this article.
- Seller
- Reliance Power
- Buyer
- Biotruster Pte Ltd (Singapore)
- Sale Price
- $12 million
- Entities Sold
- Five Indonesian coal subsidiaries
- Agreement Date
- September 29, 2025
- Expected Completion
- December 30, 2025
Sources
Anil Amabani-led Reliance Power to sell Indonesian subsidiaries for $12 million
Reliance Power to sell several Indonesian subsidiaries to Singapore-based Biotruster for $12 million
Reliance Power to Exit Indonesian Coal Assets With $12 Million Divestment
Reliance Power Will Sell 100% Stake In Several Indonesian Step-Down Subsidiaries To Singapore-Based Biotruster Pte For $12 Million
