Indias richest person Mukesh Ambani and his Reliance Industries Limited (RIL) announced a new acquisition on Thursday March 20. Through its wholly owned subsidiary Reliance Strategic Business Ventures Limited (RSBVL) the company has acquired a 100% equity stake in Nauyaan Tradings Private Limited (NTPL). RSBVL purchased NTPL from Welspun Tradings a subsidiary of Welspun Corp for a nominal consideration of Rs 1 lakh. With this acquisition NTPL has now become a step-down wholly owned subsidiary of Reliance Industries effective March 20. NTPL which was incorporated on March 3 2025 is a newly established entity and has not yet commenced business operations. After the acquisition NTPL entered into a share purchase agreement with Welspun Corp to acquire a 74% equity stake in Nauyaan Shipyard Private Limited (NSPL) for an aggregate consideration of Rs 382.73 crore. Nauyaan Shipyard Financial Overview Nauyaan Shipyards enterprise value stands at Rs 643.78 crore. The company’s debt and liabilities total Rs 126.57 crore valuing its 100% equity at Rs 517.21 crore. As part of the agreement NSPL will repay Rs 93.66 crore owed to Welspun Corp as confirmed in RIL’s exchange filing. Reliance Block Deal RIL also did block deals earlier in the week with 14.5 lakh shares changing hands. While the names of the parties involved is not yet disclosed similar transactions were seen in February when Tarish Investment and Trading Company sold 570844 shares at Rs 1223.95 apiece. On the stock market RIL’s shares closed 1.67% higher at Rs 1268.55 on the Bombay Stock Exchange (BSE) on Thursday. The stock has gained 1.7% in the past week and nearly 5% over the past two weeks. Year-to-date RIL’s shares have risen by approximately 4% in 2025. The company’s market capitalization currently stands at Rs 1716649.16 crore.