Divestment26 Jan 2026, 12:42 pm
ABB India Ltd to Sell Robotics Business to SoftBank Group via Wholly-Owned Subsidiary
AI Summary
ABB India Ltd has announced its intention to divest its robotics business to the SoftBank Group. The company has incorporated a wholly-owned subsidiary, ABB Robotics India Private Limited (INRBT), and the Board has approved the sale of the Company’s shareholding in INRBT to ABB Robotics Schweiz AG (ARSAG) for a consideration of Rs. 1,00,000/- (Rupees One Lakh only) along with pre and post incorporation expenses. The Company’s Robotics Business will be transferred to INRBT on a slump sale basis for a consideration of value not less than Rs. 1568,20,00,000/- (Rupees One Thousand Five Hundred Sixty Eight Crores and Twenty Lakhs only).
Key Highlights
- ABB India Ltd to sell its robotics business to SoftBank Group
- Incorporation of a wholly-owned subsidiary, ABB Robotics India Private Limited (INRBT)
- Approval of the sale of the Company’s shareholding in INRBT to ABB Robotics Schweiz AG (ARSAG) for a consideration of Rs. 1,00,000/-
- Transfer of the Company’s Robotics Business to INRBT on a slump sale basis for a consideration of value not less than Rs. 1568,20,00,000/-
- Approval of the Postal Ballot Notice to seek shareholders' approval for Material Related Party Transaction involving sale of the Company’s Robotics Business to INRBT