M&A

M&A

Reliance arm to acquire addl 10% stake in Nauyaan Shipyard for Rs.52-Cr

BSE Announcement   Business Line  

Nauyaan Tradings Pvt Ltd (NTPL), a step-down, wholly-owned subsidiary of Reliance Industries Ltd (RIL) has entered into a pact with Welspun Corp Ltd (WCL) to acquire an additional 10% equity stake in Nauyaan Shipyard Pvt Ltd (NSPL) for INR 51.72 crore.Founded in 2021, NSPL is involved in salt handling and storage, brine preparation, engineering and fabrication of structures, and manufacturing hydrogen electrolysers.

In Mar 2025, Reliance Strategic Business Ventures had acquired 74% stake in Nauyaan Shipyard for USD 44 M.