On April 10, 2025, Reliance Industries Limited (RIL) announced that its step-down wholly owned subsidiary, Nauyaan Tradings Private Limited (NTPL), has entered into a share purchase agreement with Welspun Corp Limited (WCL) to acquire an additional 10% equity stake in Nauyaan Shipyard Private Limited (NSPL). This acquisition, valued at ₹51.72 crore, is subject to adjustments for expenses and net current assets. The transaction is a related party transaction conducted on an arm’s length basis, with no interest from RIL’s promoter or promoter group. Necessary applications are being made to the appropriate authorities for obtaining their approvals under the agreements between NSPL and these authorities. The acquisition is expected to be completed by April 11, 2025.
Reliance Acquires Additional 10% Stake in Nauyaan Shipyard for ₹51.72 Crore
