The company bought the remaining 6.1% stake in Naval Shipyard - know the full details

News Topical, Digital Desk : Reliance Industries Limited (RIL) said on Friday (August 22) that its wholly-owned subsidiary Nauyaan Tradings Private Ltd (NTPL) has bought the remaining 6.1 percent stake in Nauyaan Shipyard Private Ltd (NSPL) from Welspun Corp Limited (WCL). The acquisition was completed for a total of Rs 45.32 crore. After this transaction, Nauyaan Shipyard Private Limited has now become a wholly-owned subsidiary of Reliance.

The company clarified that this transaction is not a related party deal and neither the promoters, promoter group or other group entity of the company have any stake in it. Reliance also said that as per the agreements between Nauyan Shipyard Private and the concerned entities, the necessary applications are being given to the concerned authorities. Earlier in March 2025, Reliance had bought 74 per cent stake through Nauyan Tradings Private for Rs 382.73 crore. After this, in April 2025, an additional 10 per cent stake was acquired from Welspun Corp for Rs 51.72 crore.

Share performance The company's stock closed at Rs 1,409.90 on Friday, down 1.05 per cent. In the last 6 months, the company's stock has seen a rise of 16.08 per cent.

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