Mukesh Ambani has made another strategic move to expand Reliance Industries’ shipbuilding business by acquiring an additional 10% stake in Nauyaan Shipyard Pvt Ltd (NSPL). The acquisition shows that the billionaire tycoon is increasing his interest in maritime infrastructure.
The stake was acquired through Nauyaan Tradings Pvt Ltd (NTPL), a wholly owned subsidiary of Reliance Industries as per the official exchange filing. NTPL bought the 10% equity stake from Welspun Corp Ltd for a total of Rs 51.72 crore. This move by Mukesh Ambani is to further tighten Reliance’s grip over the shipbuilding operations of NSPL.
The acquisition makes NSPL a step-down subsidiary of Reliance Industries, adding to the conglomerate’s expanding portfolio in strategic sectors. The filing stated, “Nauyaan Tradings Private Limited (NTPL), a step-down wholly owned subsidiary of the Company, has today completed the acquisition of further 10% equity stake in Nauyaan Shipyard Private Limited (NSPL) for an aggregate consideration of Rs. 51.72 crore.”
Mukesh Ambani continues to show aggressive investment strategies across various infrastructure domains, and this latest move reinforces Reliance’s long-term vision in the maritime and shipbuilding industry.
