Reliance Industries Limited — JV/Acquisition, 21-03-2025: Acquisition

Nauyaan Tradings Private Limited, a wholly owned subsidiary of Reliance Industries, has completed the acquisition of a 74% equity stake in Nauyaan Shipyard Private Limited for ₹382.73 crore from Welspun Corp Limited. This acquisition enables Nauyaan Shipyard to operate as a step-down subsidiary of Reliance. Additionally, Nauyaan Tradings previously extended an unsecured loan of ₹93.66 crore to Nauyaan Shipyard, reinforcing their strategic engagement. The move strengthens Reliance's position in the sector, potentially boosting operational capacity and market share.