Welspun Corp Limited has sold its remaining 6.1% equity stake in Nauyaan Shipyard Private Limited to Nauyaan Tradings Private Limited, a wholly-owned subsidiary of Reliance Strategic Business Ventures Limited, for Rs. 45.32 crore. The consideration includes net current assets and adjustments and is subject to any subsequent expense adjustments. With this transaction, Welspun Corp no longer holds any shares in NSPL.
The sale follows earlier disclosures by the Company regarding its stake in NSPL on March 21, April 11, and July 23, 2025. The agreement for the sale was executed on August 22, 2025, and the transaction was completed on the same date. Based on NSPL’s standalone financials, the company’s contribution to Welspun Corp’s consolidated financials for FY 2024-25 was minimal, with total income of Rs. 16.44 crore, profit before tax of Rs. 8.50 crore, and net worth of Rs. 8.35 crore.
Nauyaan Tradings Private Limited is not part of Welspun Corp’s promoter or promoter group, and the transaction was carried out on an arm’s length basis. It is outside any Scheme of Arrangement and does not constitute a slump sale. The Company has filed the required disclosures under the SEBI Listing Regulations.
This divestment is part of Welspun Corp’s ongoing strategy to optimize its business portfolio and focus on core operations.