Reliance Industries Acquires Additional 9.9% Stake in Nauyaan Shipyard for Rs. 54.70 Crore

Reliance Industries Ltd. has announced that its step-down wholly owned subsidiary, Nauyaan Tradings Private Limited (NTPL), has acquired a further 9.9% equity stake in Nauyaan Shipyard Private Limited (NSPL) from Welspun Corp Limited (WCL). The transaction is valued at Rs. 54.70 crore, subject to adjustments for expenses and net current assets. This acquisition marks a significant investment in the shipbuilding sector. The transaction is not a related party transaction and does not involve any interest from the company's promoter, promoter group, or other group companies. The acquisition was announced based on a notification received from NTPL on April 11, 2025, at 4:48 p.m. (IST).