Reliance Industries Acquires Remaining Stake in Nauyaan Shipyard

Reliance Industries Limited (RIL), India’s most valuable company, has taken full control of Nauyaan Shipyard Private Ltd (NSPL) by acquiring the remaining 6.1% equity stake from Welspun Corp Ltd (WCL). The deal was completed for an aggregate consideration of ₹45.32 crore.

Following this transaction, Nauyaan Shipyard has now become a step-down wholly owned subsidiary of RIL, strengthening the company’s position in the shipyard business.

Transaction Details and Clarification

The acquisition was executed through Nauyaan Tradings Private Ltd (NTPL), a step-down subsidiary of Reliance. Importantly, the company clarified that this transaction does not fall under related party transactions, and none of RIL’s promoters or promoter group entities have any interest in it.

Reliance further stated that necessary applications are being filed with the concerned authorities as per the agreements between Nauyaan Shipyard and regulatory bodies. The company received intimation regarding the acquisition at 6:37 p.m. (IST) on Friday.

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Market Insights

Despite the acquisition announcement, RIL shares ended lower on the BSE. The stock closed at ₹1,409.30, down by ₹15.35 (1.08%). Market analysts believe that while the acquisition strengthens Reliance’s operational control, short-term market sentiment remained muted.

Key Insights

• Reliance acquired 6.1% stake in Nauyaan Shipyard for ₹45.32 crore.

• Nauyaan Shipyard is now a step-down wholly owned subsidiary of RIL.

• The deal is not a related party transaction.

• RIL stock slipped 1.08% on the day of the announcement.

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