Reliance Industries Limited — JV/Acquisition, 20-03-2025: Acquisition

Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of Reliance Industries, has acquired a 100% equity stake in Nauyaan Tradings Private Limited for Rs. 1,00,000. Additionally, RSBVL has agreed to acquire a 74% stake in Nauyaan Shipyard Private Limited for Rs. 382.73 crore, with an enterprise value of Rs. 643.78 crore. Nauyaan Shipyard, which holds leasehold interest in approximately 138 acres near Reliance’s Dahej plant, aims to expand into salt handling and manufacturing hydrogen electrolysers. This strategic acquisition is expected to bolster Reliance's operational footprint and enhance its capabilities in new business areas. Completion of the NSPL acquisition is anticipated by March 21, 2025.