Reliance Industries Ltd has announced the acquisition of a 100 per cent equity stake in Nauyaan Tradings Private Limited (NTPL) through its wholly owned subsidiary, Reliance Strategic Business Ventures Limited (RSBVL).
The acquisition of the stake in NTPL, which was incorporated on March 3, 2025 and is yet to commence business, was made for an aggregate consideration of ₹1,00,000 from Welspun Tradings Ltd, a wholly owned subsidiary of Welspun Corp Ltd.
In addition, post-acquisition, NTPL entered into a share purchase agreement with Welspun Corp Ltd (WCL) to acquire 74 per cent equity stake in Nauyaan Shipyard Private Limited (NSPL) for a total consideration of ₹382.73 crore, subject to adjustments for expenses and net current assets. The enterprise value of NSPL is ₹643.78 crore with debt and liabilities amounting to ₹126.57 crore. NSPL’s 100 per cent equity value is ₹517.21 crore, with the company planning to repay ₹93.66 crore due to WCL.
NSPL, incorporated on July 15, 2021, holds leasehold interest in around 138 acres near Reliance’s Dahej manufacturing plant in Gujarat. The land is intended for additional activities such as setting up salt handling, storage and brine preparation facilities, engineering fabrication of structures, and manufacturing of hydrogen electrolysers.
The acquisition of 74 per cent equity shares in NSPL is expected to be completed by March 21, 2025.
