Anil Ambani-led Reliance Power officially stated in a regulatory filing on Monday that it has inked a deal to divest its entire stake in five Indonesian coal subsidiaries to Singapore-based Biotruster Pte Ltd for USD 12 million.

The share purchase agreement was executed on September 29, 2025 and is subject to customary closing conditions. The transaction is expected to be completed by December 30, 2025. Reliance Power said it will receive the full amount of USD 12 million.

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According to the statement, Reliance Power’s step-down subsidiaries, namely Reliance Power Netherlands BV and Reliance Natural Resources (Singapore) Pte Ltd, entered into a share purchase agreement with Biotruster (Singapore) Pte Ltd.

The deal involves the sale of 100% equity stakes in PT Avaneesh Coal

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