Overview

• The buyer is Singapore-based Biotruster Pte. Ltd., which the company says is not part of its promoter group, making this a non–related-party transaction.
• Reliance Power executed the share purchase agreement on September 29, 2025, with completion targeted by December 30 subject to customary regulatory approvals and conditions.
• The company expects to receive the full $12 million consideration at closing.
• The five subsidiaries generated no income in the last financial year and together accounted for 0.53% of consolidated net worth, or Rs 16,909 lakh.
• The Indonesian entities are held through Reliance Power Netherlands B.V. and Reliance Natural Resources (Singapore) Pte. Ltd., and the announcement lifted the stock nearly 3% as the firm points to a Q1 FY26 profit and ongoing debt reduction.