Welspun Corp sells subsidiary stake, inks strategic investment

Welspun Corp announced the sale of its 100% equity stake in Nauyaan Tradings Private Limited (NTPL) to Reliance Strategic Business Ventures Limited for ₹100,000. NTPL, only recently incorporated, has not yet begun operations. Additionally, Welspun Corp approved a strategic investment in Nauyaan Shipyard Private Limited (NSPL) by selling a 74% equity stake to NTPL for ₹382.73 crores, subject to adjustments. Post-transaction, NSPL will repay ₹93.66 crore owed to Welspun, and Welspun will retain a 26% stake in NSPL, transforming it into an associate company. NSPL's enterprise value is assessed at ₹643.78 crores, with total debt and liabilities of ₹126.57 crores. These decisions were finalized at a board meeting today, March 20, 2025, and are intended to optimize Welspun Corp's strategic business alignment.