return to news
  1. Upstox
    /
  2. News
    /
  3. Market News
    /
  4. Stocks
    /
  5. Reliance Power to sell several Indonesian subsidiaries for $12 million, shares rise; check key details

Market News

Reliance Power to sell several Indonesian subsidiaries for $12 million, shares rise; check key details

Upstox
By Upstox News Desk

2 min read | Updated on September 29, 2025, 14:16 IST

Twitter Page
Linkedin Page
Whatsapp Page

SUMMARY

In the past five trading sessions, Reliance Power shares fell by 5.99%. Conversely, the stock rose by 3.96% over the last month. Similarly, the scrip also gained 8.74% in the past six months and 2.08% year-to-date.

Stock list

RPOWER
--
At 1:44 PM, shares of Reliance Power were trading 2.32% higher at ₹45.80, per equity share on the NSE. | Image : Shutterstock

At 1:44 PM, shares of Reliance Power were trading 2.32% higher at ₹45.80, per equity share on the NSE. | Image : Shutterstock

Shares of Reliance Power gained as much as 2.72% to touch an intraday high of ₹45.98 apiece on Monday, September 29 after the company said it will sell 100% stake in several Indonesian step-down subsidiaries to Singapore-based Biotruster Pte Ltd for around USD 12 million.
Open FREE Demat Account within minutes!
Join now

At 1:44 PM, shares of Reliance Power were trading 2.32% higher at ₹45.80, per equity share on the National Stock Exchange (NSE). A share purchase agreement has been signed among Reliance Power Netherlands BV, Reliance Natural Resources (Singapore) Pte Ltd and Biotruster (Singapore) Pte Ltd to this effect.

Reliance Power will sell 100% 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 customary terms and conditions, the company said in a regulatory filing.

Around USD 12 million will be received on the closure of the deal. Reliance Power further noted that the buyer does not belong to the promoter/promoter group/group companies.

Reliance Power share price

In the past five trading sessions, Reliance Power shares fell by 5.99%. Conversely, the stock rose by 3.96% over the last month. Similarly, the scrip also gained 8.74% in the past six months and 2.08% year-to-date.

The stock recorded a 52-week high of ₹76.49 on June 11, 2025, and a 52-week low of ₹31.27 on March 3, 2025. As of September 29, the company’s market capitalisation stood at ₹18,933.56 crore.

With inputs from PTI.
To add Upstox News as your preferred source on Google, click here.
SIP
Consistency beats timing.
promotion image

About The Author

Upstox
Upstox News Desk is a team of journalists who passionately cover stock markets, economy, commodities, latest business trends, and personal finance.

Next Story