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ABB India informs about outcome of board meeting

02 Mar 2026 Evaluate
ABB India has informed that the Board of Directors of the Company had approved the transfer of the Company’s Robotics Business to ABB Robotics India on a slump sale basis for a consideration of Rs. 1568,20,00,000 (Rupees One Thousand Five Hundred Sixty-Eight Crores and Twenty Lakhs only) (Business Transfer); and the public shareholders of the Company had approved the Business Transfer. On March 1, 2026, at 11.51 pm the Company has executed a Business Transfer Agreement (BTA) with ABB Robotics India Private Limited for the Business Transfer. The disclosures made in accordance with Regulation 30 of the Listing Regulations read with SEBI Master Circular dated November 11, 2024, bearing reference number No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated, in relation to the Business Transfer pursuant to the letter dated January 26, 2026 were based on information that was available at the time of such communication, and the company had indicated that the same would be updated upon execution of the BTA.

The above information is a part of company’s filings submitted to BSE.

ABB India Share Price

7304.95 75.90 (1.05%)
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Company Name CMP
Havells India 1255.75
Siemens 3907.25
Apar Inds 12352.00
ABB India 7304.95
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