The rally came in response to a stock exchange filing detailing the strategic divestment.
The company disclosed that it has entered into a Share Purchase Agreement with Biotruster (Singapore) Pte. Ltd. for the sale of its entire 100% equity stake in six Indonesian subsidiaries, including PT Avaneesh Coal Resources and PT Heramba Coal Resources.
The agreement was signed on September 29, with the transaction expected to be completed by December 30, 2025.
Though these subsidiaries contributed nil income in the last financial year, they accounted for Rs 16,909 lakh or 0.53% of Reliance Power’s consolidated net worth.
The total consideration for the sale is pegged at USD 12 million (approximately Rs 100 crore), which will be receivable upon closing of the transaction. The buyer, Biotruster (Singapore) Pte. Ltd., does not belong to the promoter or promoter group of the company, the company’s exchange filing clarified.The market responded positively to the move, viewing it as a strategic step towards unlocking value and improving financial flexibility.
Reliance Power share price history
Over the past year, the stock of Reliance Power has slipped by 3.69%, reflecting some persistent pressure on its performance. On a year-to-date basis, it has been largely flat, with a marginal decline of 0.07%, suggesting a period of consolidation.
However, looking at the medium-term, the stock has inched up 3.86% over the last six months, showing signs of resilience despite volatility. In the short term, it has witnessed sharper swings, plunging 35.29% over the past three months but managing to edge higher by 1.62% over the last one month, hinting at a tentative recovery.
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