Reliance subsidiary acquires 100% stake in NTPL

Reliance Industries Ltd announced that its wholly owned subsidiary, Reliance Strategic Business Ventures Limited (RSBVL), acquired a 100 per cent equity stake in Nauyaan Tradings Private Limited (NTPL).

The stake in NTPL — incorporated on March 3, 2025 and is yet to commence business — has been acquired for an aggregate consideration of ₹1,00,000 from Welspun Tradings Ltd, a wholly owned subsidiary of Welspun Corp Ltd, the company stated in a filing to the stock exchanges, Thursday.

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Further, NTPL (post acquisition by RSBVL) entered into a share purchase agreement with WCL to acquire from WCL 74 per cent equity stake in Nauyaan Shipyard Private Limited (NSPL) for an aggregate consideration of ₹382.73 crore, subject to adjustments, if any, for expenses to the account of WCL and net current assets. NSPL’s enterprise value is ₹643.78 crore with debt and liabilities aggregating ₹126.57 crore, the company added. NSPL’s 100 per cent equity value works out to ₹517.21 crore. NSPL will repay the ₹93.66 crore due to WCL.

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NSPL was incorporated on July 15, 2021 and is entitled to leasehold interest in about 138 acres (apart from right to use foreshore land) near the company’s Dahej manufacturing plant in Gujarat. The land is proposed to be used for additional activities, including inter-alia for setting up of 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.