Anil Ambani's company, Reliance Power, has decided to sell its 100% stake in five Indonesian coal companies for $12 million. This deal is expected to be completed by December 30, 2025. The contribution of these companies to Reliance Power's total assets was very low, thus this is considered a strategic decision.
Anil Ambani: Reliance Power announced on Monday that it has entered into an agreement to sell its entire stake in five Indonesian coal companies. This deal has been made with Biotruster (Singapore) Private Limited and is targeted for completion by December 30, 2025. The company will receive a total amount of $12 million from this deal. Reliance Power stated that these companies did not generate any income in the last fiscal year and their contribution to total assets was only 0.53%, hence this move is crucial from a strategic perspective.
Anil Ambani's Big Deal
Anil Ambani's Reliance Power has decided to sell its stake in five Indonesian coal companies. Under this deal, the company is selling its 100% stake for $12 million.
Two subsidiary companies of Reliance Power have entered into a share purchase agreement with Biotruster (Singapore) Private Limited for this transaction. This agreement was signed on September 29, 2025, and is targeted for completion by December 30, 2025.
Companies Involved
Reliance Power sold its stake in PT Avneesh Coal Resources, PT Heramba Coal Resources, PT Sumukha Coal Services, PT Bryan Bintang Tiga Energy, and PT Srivijaya Bintang Tiga Energy.
The company clarified that these companies had no income in the last fiscal year, and their contribution to total assets was 0.53%. For this reason, it is considered a strategically important step.
Why This Deal is Special
Reliance Power stated that the buyer, Biotruster, has no relation to the company's promoter group. This is not a related-party transaction.
Furthermore, this deal is being conducted under SEBI's listing obligations and disclosure requirements and is not part of any distress or mandatory sale.
Financial Details of the Deal
Upon completion of the deal, Reliance Power will receive a total of $12 million. This amount is approximately equivalent to ₹100 crores. The company stated that this step was taken from a strategic perspective because the total contribution of these companies was very low. It was assessed at 0.53% of the company's consolidated assets.
Impact on Stock Market
Following this announcement, Reliance Power shares saw a slight uptick in the stock market. Shares were trading at ₹45.43 today, up by one and a half percent. The Sensex also rose by about 200 points, reaching 80,622 points.
The company has decided to exit its Indonesian business. This move is aimed at shifting focus and reallocating resources in the future. Under the leadership of Anil Ambani, Reliance Power will now concentrate on its core business and other strategic areas.
