Reliance Industries’ Subsidiary Acquires 74% Stake in Nauyaan Shipyard for ₹382.73 Crore
Reliance Industries’ Subsidiary Completes Acquisition of 74% Stake in Nauyaan Shipyard
Reliance Industries Limited (RIL), through its step-down wholly owned subsidiary Nauyaan Tradings Private Limited (NTPL), has successfully acquired a 74% equity stake in Nauyaan Shipyard Private Limited (NSPL). The acquisition, completed on March 21, 2025, marks a significant expansion for RIL in the maritime sector.
Key Highlights of the Acquisition
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Acquiring Entity: Nauyaan Tradings Private Limited (NTPL), a step-down subsidiary of Reliance Industries Limited (RIL).
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Acquired Entity: Nauyaan Shipyard Private Limited (NSPL).
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Acquisition Date: March 21, 2025.
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Previous Disclosure Date: March 20, 2025.
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Equity Stake Acquired: 74%.
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Total Consideration: Rs. 382.73 crore, paid to Welspun Corp Limited.
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NSPL’s New Status: A step-down subsidiary of RIL.
Financial and Regulatory Aspects
Before this acquisition, NTPL had extended an unsecured loan of Rs. 93.66 crore to NSPL on an arm’s-length basis. Additionally, the necessary applications are being made to the relevant authorities to secure required approvals under agreements between NSPL and these authorities.
Strategic Importance
This acquisition strengthens Reliance Industries’ footprint in the shipbuilding and maritime sector, leveraging NSPL’s capabilities and infrastructure. The deal aligns with RIL’s strategic expansion and investment in diverse industrial segments.
Official Confirmation
RIL received official intimation about the acquisition from NTPL on March 21, 2025, at 04:15 p.m. (IST). The acquisition was completed as per the agreed timelines and regulatory requirements.
Clarification on Previous Acquisitions
This acquisition of Nauyaan Shipyard Private Limited by RIL’s subsidiary NTPL is distinct from the previously reported acquisition of Chitradurga Bellary REZ Transmission Limited by Power Grid Corporation of India Limited.
Stay tuned for further updates on this development and its impact on RIL’s business operations.