Reliance completes Nauyaan shipyard stake acquisition
Reliance Industries announced the completion of acquiring an additional 10% equity stake in Nauyaan Shipyard Private Limited (NSPL), a step-down subsidiary of the company. The transaction, executed through Nauyaan Tradings Private Limited (NTPL), a wholly-owned subsidiary of Reliance, involved an aggregate consideration of INR 51.72 crore from Welspun Corp Limited. The disclosure, made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, was filed with the BSE and National Stock Exchange of India Limited on April 11, 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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