Welspun Corp Limited — Board Meeting, 20-03-2025: Outcome of Board Meeting

The Board of Directors of Welspun Corp Limited approved the sale of 100% equity shares in its wholly-owned subsidiary, Nauyaan Tradings Private Limited, to Reliance Strategic Business Ventures Limited for ₹0.001 crore, resulting in NTPL ceasing to be a subsidiary. Additionally, a strategic investor will acquire a 74% stake in Nauyaan Shipyard Private Limited for ₹382.73 crores, after which NSPL will become an associate company, retaining a 26% equity stake with Welspun Corp. NSPL’s enterprise value stands at ₹643.78 crores.