Reliance Power Limited has signed an agreement to divest its entire stake in five Indonesian coal subsidiaries to Biotruster (Singapore) Pte. Limited for a total consideration of USD12 million.
The agreement is expected to be completed by December 30, 2025 subject to customary conditions. The transaction involves the sale of 100 per cent equity in PT Avaneesh Coal Resources, PT Heramba Coal Resources, PT Sumukha Coal Services, PT Brayan Bintang Tiga Energi and PT Sriwijaya Bintang Tiga Energi through Reliance Power Netherlands B.V. and Reliance Natural Resources (Singapore) Pte. Limited. These subsidiaries contributed no income in the last financial year and accounted for only 0.53 per cent of Reliance Power’s consolidated net worth.