RELIANCE POWER (RPOWER)

• Deal Announcement: Through its subsidiaries, agreed to sell 100% equity in five Indonesian step-down coal subsidiaries to Biotruster (Singapore) Pte. Ltd. for USD 12 million. • Strategic Rationale: Divestment aims to streamline operations by offloading non-performing assets. • Financial Context: Subsidiaries had nil income and represented only 0.53% of consolidated net worth.