Acquisition of further 9.9% equity stake in Nauyaan Shipyard Private Limited
RELIANCE · price
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Reliance Industries, through its step-down subsidiary Nauyaan Tradings Private Limited (NTPL), has bought an additional 9.9% stake in Nauyaan Shipyard Private Limited (NSPL) from Welspun Corp Limited for Rs. 54.70 crore. This makes NSPL an 84% step-down subsidiary of Reliance, up from its earlier shareholding. The transaction is not a related party deal, and no promoter or group company has any interest in it. The acquisition is a continuation of Reliance's earlier stake purchases in NSPL disclosed between March and April 2025.
This is a small, incremental acquisition that increases Reliance's control over its shipyard subsidiary, signalling continued investment in the shipbuilding business. The financial impact is minor given the Rs. 54.70 crore size relative to Reliance's overall scale, but it strengthens Reliance's footprint in the shipyard space.