Reliance Industries Limited — JV/Acquisition, 10-04-2025: Acquisition

Nauyaan Tradings Private Limited, a wholly owned subsidiary of Reliance Industries, has entered into a share purchase agreement to acquire an additional 10% equity stake in Nauyaan Shipyard Private Limited for Rs. 51.72 crore. This acquisition increases Reliance’s stake in the shipyard to 74%. The strategic move aims to enhance operational efficiency and synergies in the marine sector. The transaction is expected to close by April 11, 2025, and is classified as a related party transaction conducted at arm's length, with no interest from the company's promoters.