Welspun Corp Limited has informed the Exchange about General Updates on sale of remaining 6.1% equity stake in Nauyaan Shipyard Private Limited
WELCORP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Welspun Corp has sold its remaining 6.1% stake in Nauyaan Shipyard Private Limited (NSPL) for Rs. 45.32 Crores to Nauyaan Tradings Private Limited, a wholly-owned subsidiary of Reliance Strategic Business Ventures Limited. With this sale completed on 22 August 2025, Welspun Corp no longer holds any shares in NSPL. NSPL was a small, non-material investment for Welspun — it contributed only Rs. 16.44 Crores (0.12%) to the company's total income and had a net worth of just Rs. 8.35 Crores (0.11%) in FY25. The transaction is not a related-party deal and is not part of any Scheme of Arrangement.
This is a clean exit from a tiny, non-core investment with negligible contribution to Welspun Corp's financials, so it should have no meaningful impact on the company's earnings or stock price. The cash inflow of ~Rs. 45 Crores is modest relative to Welspun's scale and may be used for general corporate purposes or debt reduction.