Update on Sale of 10% equity shares of Nauyaan Shipyard Private Limited
Awaiting price reaction for this filing.
Welspun Corp has completed the sale of its 10% equity stake in Nauyaan Shipyard Private Limited (NSPL), receiving a total of Rs. 54.63 Crores (Rs. 51.72 Crores for the equity shares and Rs. 2.91 Crores towards outstanding dues). After this transaction, the company continues to hold a 16% equity stake in NSPL. This is an update to the company's earlier disclosure dated April 10, 2025, and confirms the deal closure on April 11, 2025.
This is a routine partial monetisation of a minority investment in a shipyard venture. The Rs. 54.63 Crore inflow strengthens cash position slightly but is not material relative to Welspun Corp's overall size. Retaining a 16% stake means the company keeps optionality on NSPL's future growth.