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Informist, Monday, Jan. 26, 2026

 

MUMBAI – ABB India Ltd. will transfer its robotics business to its wholly-owned subsidiary ABB Robotics India Pvt. Ltd. on a slump sale basis for INR 15.68 billion, the company said in a filing Monday. Thereafter, it will sell the robotics operations to ABB Robotics Schweiz AG, it said. The transfer amount was decided based on valuation reports by EY and Bansi Mehta S Valuers.

 

"The business transfer is being undertaken in continuation of ABB Group's decision to divest its robotics business to SoftBank Group," the company said in the filing. ABB India in October had approved the sale of its robotics business to the SoftBank Group for an enterprise value of $5.38 billion.

 

The robotics business primarily serves as a sales channel and provides maintenance support and some degree of application engineering. For the quarter ended Sept. 30, ABB India had reported a net profit of INR 4.09 billion on a revenue of INR 33.11 billion. Friday, shares of the company had closed at INR 4,694.50 on the National Stock Exchange, down over 1%. Equity markets were closed Monday for Republic Day.  End

 

Reported by Anshul Choudhary

Edited by Rajeev Pai

 

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