
Acquisitions2 Mar 2026, 11:54 am
ABB India Ltd Transfers Robotics Business to ABB Robotics India Private Limited for Rs. 1568,20,00,000
AI Summary
ABB India Ltd has executed a Business Transfer Agreement (BTA) with ABB Robotics India Private Limited for the transfer of its Robotics Business on a slump sale basis for a consideration of Rs. 1568,20,00,000. The BTA was entered on March 1, 2026, and the Business Transfer is effective from the same date. The payment of consideration and completion of closing actions are expected to take place as disclosed on January 26, 2026.
Key Highlights
- ABB India Ltd transfers Robotics Business to ABB Robotics India Private Limited
- Business Transfer for a consideration of Rs. 1568,20,00,000
- Business Transfer Agreement (BTA) executed on March 1, 2026
- Business Transfer effective from March 1, 2026
- Payment of consideration and completion of closing actions as disclosed on January 26, 2026