Reliance Industries Limited has expanded its maritime sector presence through its subsidiary's acquisition of an additional stake in Nauyaan Shipyard Private Limited. The transaction, completed on July 23, 2025, represents a strategic move to strengthen the conglomerate's shipbuilding capabilities.
Nauyaan Tradings Private Limited (NTPL), a step-down wholly owned subsidiary of Reliance Industries, acquired a further 9.9% equity stake in Nauyaan Shipyard Private Limited (NSPL) from Welspun Corp Limited. The transaction was completed for an aggregate consideration of ₹54.70 crore, subject to adjustments for expenses and net current assets.
Following this acquisition, Reliance Industries strengthened its position in Nauyaan Shipyard, which is currently an 84% step-down subsidiary of the oil to telecom conglomerate.
The disclosure was made under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Reliance Industries received intimation from NTPL on July 23, 2025, at 4:48 p.m. (IST) regarding the completion of this transaction.
The company clarified that this transaction is not a related party transaction, and none of Reliance's promoter, promoter group, or other group companies have any interest in the above transaction.
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This acquisition follows previous disclosures made by Reliance Industries on March 20, 2025, March 21, 2025, April 10, 2025, and April 11, 2025, indicating ongoing strategic activities related to its maritime sector investments.
The transaction was signed by Savithri Parekh, Company Secretary and Compliance Officer of Reliance Industries Limited, and communicated to both BSE Limited and National Stock Exchange of India Limited.
On July 24, 2025, Reliance Industries share price opened at ₹1,419.20 on NSE, below the previous close of ₹1,424.60. During the day, it surged to ₹1,422.40 and dipped to ₹1,414.50. The stock is trading at ₹1,416.20 as of 9:17 AM. The stock registered a moderate decline of 0.59%.
Over the past week, it has declined by 4.05%, over the past month, it has declined by 5.29%, and over the past 3 months, it has moved up by 8.80%.
Reliance Industries' acquisition of an additional 9.9% stake in Nauyaan Shipyard for ₹54.70 crore demonstrates the company's continued focus on expanding its maritime sector presence. This strategic move through its subsidiary NTPL further consolidates Reliance's position in the shipbuilding industry while maintaining compliance with regulatory disclosure requirements.
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Published on: Jul 24, 2025, 9:36 AM IST
Team Angel One
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