Reliance acquires Nauyaan Tradings, to acquire Nauyaan Shipyard stake

Reliance Industries, via its subsidiary Reliance Strategic Business Ventures Limited (RSBVL), announced the acquisition of 100% equity stake in Nauyaan Tradings Private Limited (NTPL) for Rs. 100,000. NTPL, previously a subsidiary of Welspun Corp Limited, is incorporated on March 3, 2025 but is yet to commence business. Concurrently, RSBVL has entered into a share purchase agreement to acquire a 74% stake in Nauyaan Shipyard Private Limited (NSPL) from Welspun for Rs. 382.73 crore, subject to adjustments. NSPL's enterprise value is assessed at Rs. 643.78 crore. NSPL, incorporated on July 15, 2021, reported minimal turnover in recent fiscal years. The land it holds near Company's Dahej manufacturing plant will be used for additional activities. The acquisition of NSPL is expected to complete by March 21, 2025.