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ABB India gets nod to sell Solar Inverter Business for Rs 100.6 crore

11 Mar 2020 Evaluate

ABB India’s board has approved the proposal to sell company's Solar Inverter Business as a going concern on slump sale basis to a wholly owned Indian Subsidiary of Italian Company, FIMER S.p.A viz, ‘Marici Solar India’ for value of Rs 100.6 crore and on such terms and conditions as contained in the Business Transfer Agreement (BTA) to be executed in due course.

This Business Transfer will be effective April 1, 2020. The Board of Directors of the company at its meeting held on March 09, 2020 has approved the same.

ABB India is a pioneering technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally.

ABB India Share Price

7155.70 125.75 (1.79%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Havells India 1300.30
Siemens 3709.60
Apar Inds 11977.10
ABB India 7155.70
Waaree Energies 3487.20
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