Welspun Corp to sell additional stake in Nauyaan Shipyard

Welspun Corp Limited [BSE:WELCORP] announced today that its Board of Directors has approved the sale of an additional 10% equity stake in Nauyaan Shipyard Private Limited (NSPL) to Nauyaan Tradings Private Limited, a wholly-owned subsidiary of Reliance Strategic Business Ventures Limited. The transaction is valued at INR 51.72 crores, subject to adjustments. NSPL will also repay dues of INR 2.91 crores to Welspun Corp. Following the completion of this transaction, Welspun Corp will retain a 16% equity stake in NSPL. The announcement references prior disclosures made on March 20th and 21st, 2025, regarding the induction of a strategic investor. The decision was made during a board meeting held today, April 10th, 2025.