Agreement to acquire further 10% equity stake in Nauyaan Shipyard Private Limited
RELIANCE · price
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Reliance Industries, through its step-down wholly owned subsidiary Nauyaan Tradings Private Limited (NTPL), has signed a share purchase agreement with Welspun Corp Limited to buy an additional 10% equity stake in Nauyaan Shipyard Private Limited (NSPL) for Rs. 51.72 crore. NSPL is currently a 74% step-down subsidiary of RIL, and after this acquisition, RIL's effective holding will rise to 84%. The transaction is classified as a related party transaction conducted at arm's length, with no promoter or group company interest involved. The deal is expected to close by April 11, 2025, subject to standard adjustments and regulatory approvals.
This is a small, internal consolidation move that increases RIL's control over its shipyard subsidiary. The Rs. 51.72 crore size is immaterial to RIL's overall scale, so the direct impact on shareholders or stock price is likely minimal, though it signals continued investment in the shipyard business.