Reliance Industries Ltd.

Reliance Industries' step-down wholly owned subsidiary -- Nauyaan Tradings has acquired additional 9.9% equity stake in Nauyaan Shipyard from Welspun Corp (WCL), for an aggregate consideration of Rs 54.70 crore subject to adjustments, if any, for expenses to the account of WCL and net current assets.

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.