Reliance Industries acquires Nauyaan Tradings, plans ₹382.73 cr investment in shipyard
Mumbai: Mukesh Ambani-led Reliance Industries Limited (RIL) has announced a new acquisition and investment through its wholly owned subsidiary, Reliance Strategic Business Ventures Limited (RSBVL).
On Thursday, RSBVL acquired a 100% equity stake in Nauyaan Tradings Private Limited (NTPL) from Welspun Tradings, a subsidiary of Welspun Corp, for ₹1 lakh. With this acquisition, NTPL has become a step-down wholly owned subsidiary of RIL, effective March 20.
Reliance expands into shipbuilding
Following the takeover, NTPL entered into a share purchase agreement with Welspun Corp to acquire a 74% stake in Nauyaan Shipyard Private Limited (NSPL) for ₹382.73 crore. The shipyard has an enterprise value of ₹643.78 crore, with total debt and liabilities amounting to ₹126.57 crore.
RIL stated in an exchange filing that NSPL will repay ₹93.66 crore due to Welspun Corp as part of the deal.
Reliance Industries block deal
Earlier this week, 14.5 lakh shares of RIL were traded in a block deal on Monday. The parties involved remain undisclosed. In February, Tarish Investment and Trading Company had offloaded 5,70,844 RIL shares at ₹1,223.95 per share in a block deal.
Reliance Industries stock performance
RIL shares closed 1.67% higher at ₹1,268.55 on Thursday on the BSE. The stock has gained 1.70% in the past week and nearly 5% in two weeks, according to BSE analytics. In 2025 so far, RIL shares have risen nearly 4%.
Reliance Industries’ market capitalization currently stands at ₹17.16 lakh crore.
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