Reliance Power further noted that the buyer does not belong to the promoter/promoter group/group companies.

Reliance Power on Monday announced that it will divest its entire stake in multiple Indonesian step-down subsidiaries to Singapore-based Biotruster Pte Ltd for about USD 12 million.

The deal has been formalized through a share purchase agreement signed between Reliance Power Netherlands BV, Reliance Natural Resources (Singapore) Pte Ltd, and Biotruster Pte Ltd.

Reliance Power To Sell Several Indonesian Subsidiaries

Reliance Power will sell 100 per cent equity shareholding in PT Avaneesh Coal Resources, PT Heramba Coal Resources, PT Sumukha Coal Services, PT Brayan Bintang Tiga Energi, and PT Sriwijaya Bintang Tiga Energi, subject to certain conditions precedent and other customar

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