New Delhi: ABB India Ltd on Monday said its board has approved a multi-step restructuring of its robotics business, including a slump sale valued at not less than ₹1,568.2 crore, as part of the ABB Group’s global decision to divest the robotics vertical.
In a regulatory filing, the company said it will first sell its entire shareholding in ABB Robotics India Pvt Ltd (INRBT), a wholly owned subsidiary incorporated in September 2025, to ABB Robotics Schweiz AG for a consideration of ₹1 lakh, along with pre- and post-incorporation expenses. ABB Robotics Schweiz AG is an indirect wholly owned subsidiary of ABB Ltd and part of the promoter group.
Following the share transfer, ABB India will transfer its robotics business to INRBT on a slump sale basis. The transaction will be executed at a valuation of not less than ₹1,568.2 crore and is expected to be completed on or before March 31, 2026, subject to regulatory and shareholder approvals.
The robotics business contributed ₹444.42 crore in turnover in FY24, accounting for about 3.6% of ABB India’s total revenue for the year. The company noted that the business had a negative contribution to net worth during the period.
Both the share transfer and business transfer qualify as related party transactions but will be carried out at arm’s length, based on independent valuation reports from Ernst & Young Merchant Banking Services LLP and Bansi Mehta S Valuers LLP. ICICI Securities has provided a fairness opinion on the valuation.
ABB India said it will seek shareholder approval for the material related party transaction through a postal ballot, details of which will be communicated separately.
The move follows ABB Group’s earlier announcement to divest its global robotics business to SoftBank Group, as the Swiss engineering major sharpens focus on its core electrification and automation segments.