Reliance Industries acquires remaining 6.1% stake in Nauyaan Shipyard for ₹45.32 crore

India’s most valuable company, Reliance Industries Limited (RIL), on Friday (August 22), said its step-down wholly owned subsidiary, Nauyaan Tradings Private Ltd (NTPL), has acquired the remaining 6.1% equity stake in Nauyaan Shipyard Private Ltd (NSPL) from Welspun Corp Ltd (WCL).The acquisition was completed for an aggregate consideration of ₹45.32 crore. Following this transaction, Nauyaan Shipyard Private has now become a step-down wholly owned subsidiary of RIL.

The company clarified that the transaction does not constitute a related party deal, and none of the company’s promoters, promoter group, or other group entities hold any interest in the acquisition.

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Reliance Industries also stated that necessary applications are being made to the relevant authorities in line with agreements between Nauyaan Shipyard Private and these bodies. The intimation regarding the acquisition was received by the company from Nauyaan Shipyard Private at 6:37 p.m. (IST).In March 2025, Reliance Industries announced that its step-down wholly owned subsidiary, Nauyaan Tradings Private, had acquired a 74% equity stake in Nauyaan Shipyard Private from Welspun Corp Ltd for ₹382.73 crore.

Subsequently, in April 2025, Nauyaan Tradings Private acquired an additional 10% stake in Nauyaan Shipyard Private for ₹51.72 crore, also from Welspun Corp, further strengthening Reliance’s commitment to the shipbuilding sector.

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Shares of Reliance Industries Ltd ended at ₹1,409.30, down by ₹15.35, or 1.08%, on the BSE.