ABB India Limited announced today, January 26, 2026, significant developments regarding its robotics business. The Board of Directors approved the sale of the Company's shareholding in its wholly-owned subsidiary, ABB Robotics India Private Limited (INRBT), to ABB Robotics Schweiz AG (ARSAG) for a consideration of ₹1,00,000. Concurrently, the company approved the transfer of its Robotics Business to INRBT on a slump sale basis for a consideration of not less than ₹1,568.20 crore. This transaction is a continuation of the ABB Group's decision to divest its robotics business to SoftBank Group. The Robotics Business contributed ₹444.42 crore in turnover as of December 31, 2024, representing 3.6% of the Company's total turnover in FY 2024. The Board also approved a Postal Ballot Notice to seek shareholders' approval for this material related party transaction. The Share Transfer is expected to be completed before February 27, 2026, while the Business Transfer is anticipated to conclude on or before March 31, 2026. Both transactions are considered related party transactions and will be undertaken at arm's length, with valuations supported by independent reports from Ernst & Young Merchant Banking Services LLP and Bansi Mehta S Valuers LLP.
