Reliance subsidiary to acquire additional 10% stake in Nauyaan Shipyard 

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Reliance Industries Limited (RIL) announced that its step-down wholly owned subsidiary, Nauyaan Tradings Private Limited (NTPL), has entered into a share purchase agreement with Welspun Corp Limited (WCL) to acquire an additional 10 per cent equity stake in Nauyaan Shipyard Private Limited (NSPL).

The shares of Reliance Industries Limited were trading at ₹1,211 up by ₹25.65 or 2.16 per cent on the NSE today at 10.45 am

The transaction, valued at ₹51.72 crore subject to potential adjustments, will increase RIL’s indirect ownership in NSPL, which is currently a 74 per cent step-down subsidiary of the company. The acquisition is expected to be completed by April 11, 2025.

RIL clarified that the deal is a related party transaction conducted on an arm’s length basis. The company stated that none of its promoter groups or other group companies have any interest in this transaction.

This acquisition follows previous disclosures made by RIL on March 20 and March 21, 2025, regarding its interest in NSPL. The company noted that necessary applications are being submitted to appropriate authorities to obtain required approvals under existing agreements between NSPL and these authorities.

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Published on April 11, 2025