RIL buys additional 10% stake in Nauyaan Shipyard for Rs51.72 cr
14 Apr 2025
Reliance Industries Ltd (RIL) has acquired an additional 10 per cent equity stake in Nauyaan Shipyard Pvt Ltd (NSPL), a subsidiary of Wellspun Corporation, in a deal valued at Rs51.72 crore.
Reliance Strategic Business Ventures Ltd made the acquisition through its wholly-owned subsidiary, Nauyaan Trading Private Ltd, according to a stock exchange filings on Friday.
The board of directors of Welspun Corporation Ltd has approved the stake sale, subject to potential adjustments for expenses and net consideration, including repayment of Rs2.91 crore in dues to Welspun. The transaction was completed on 11 April, leaving Wellspun with a 16 per cent equity stake in NSPL.
The latest acquisition takes RIL’s interest in NSPL to 84 per cent. RIL had, previously disclosed in its stock exchange filings on 20, 21 and 24 March 2025 that its wholly-owned subsidiary, Nauyaan Tradings Private Limited (NTPL), has completed acquisition of 74 per cent stake in NSPL from Welspun, making NSPL a step-down subsidiary of RIL.
Reliance has also clarified that the deal is a related party transaction and that none of NSPL’s original promoter groups or other group companies have any interest in this transaction.
NSPL has leasehold rights to a 136-acre land paecel close to Reliance Industries’ manufacturing facility in Dahej, in coastal Gujarat.
Reliance’s acquisition of additional stake in NSPL is in line with the group’s strategy of diversifying into new areas of business and its confidence in the shipbuilding industry’s growth potential, according to Savithri Parekh, company secretary and compliance officer at Reliance Industries Ltd.
