Reliance Strategic Business Ventures Limited (RSBVL), a wholly owned subsidiary of Reliance Industries Limited (RIL), has acquired 100% equity stake in Nauyaan Tradings Private Limited (NTPL) for ₹1,00,000 from Welspun Tradings Limited, a subsidiary of Welspun Corp Limited (WCL). With this acquisition, NTPL has become a step-down wholly owned subsidiary of RIL.

Following this acquisition, NTPL has signed a share purchase agreement with WCL to acquire a 74% stake in Nauyaan Shipyard Private Limited (NSPL) for ₹382.73 crore, subject to adjustments. NSPL’s total enterprise value is ₹643.78 crore, including ₹126.57 crore in debt and liabilities.

Established in 2021, NSPL holds leasehold rights to 138 acres of land near Reliance’s Dahej manufacturing plant. The land is earmarked for salt handling, storage, brine preparation, engineering fabrication, and hydrogen electrolyser manufacturing.

The transaction is expected to be completed by March 21, 2025, and does not involve any related-party transactions. Reliance has confirmed that necessary regulatory approvals are being sought.

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