Reliance Industries Ltd.

Reliance Industries’ step-down wholly owned subsidiary -- Nauyaan Tradings has completed the acquisition of further 10% equity stake in Nauyaan Shipyard (NSPL), a step-down subsidiary of the company for an aggregate consideration of Rs 51.72 crore from Welspun Corp.

Reliance Industries is India’s largest private sector company. The company’s activities span hydrocarbon exploration and production, petroleum refining and marketing, petrochemicals, retail and 4G digital services.