Welspun Corp Limited has informed the Exchange about General Updates on sale of 9.9% equity stake in Nauyaan Shipyard Private Limited
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Welspun Corp has sold a further 9.9% equity stake in its subsidiary Nauyaan Shipyard Private Limited (NSPL) to Nauyaan Tradings Private Limited, a wholly-owned subsidiary of Reliance Strategic Business Ventures Limited. The deal is valued at Rs. 54.70 Crores (subject to adjustments for expenses and net current assets) and was executed on 23 July 2025. After this transaction, Welspun Corp's holding in NSPL will come down to 6.1%, from the previous level following earlier strategic investor inductions in March and April 2025. NSPL's contribution to Welspun Corp's consolidated financials is small, accounting for only 0.12% of total income, 0.38% of profit before tax, and 0.11% of net worth in FY25. The buyer is not related to the promoter or promoter group, and the transaction is not a related-party deal.
The transaction brings in a strong strategic partner (Reliance group) into NSPL while unlocking cash of about Rs. 54.70 Crores for Welspun Corp. Given NSPL's very small contribution to Welspun Corp's overall revenue and profits, the financial impact on consolidated earnings is expected to be minimal, though it signals continued value unlocking in a non-core asset.