Anil Ambani-led Reliance Power to sell Indonesian subsidiaries for $12 million
Anil Ambani-led Reliance Power has announced that it will sell its Indonesian step-down subsidiaries to Singapore-based Biotruster for a consideration of $12 million. The 100% equity sale involves five Indonesian entities — PT Avaneesh Coal Resources, PT Heramba Coal Resources, PT Sumukha Coal Services, PT Brayan Bintang Tiga Energi, and PT Sriwijaya Bintang Tiga Energi.
