Welspun Corp completes acquisition of Nauyaan Shipyard

Welspun Corp completes acquisition of Nauyaan Shipyard

by admin- Tuesday, September 20th, 2022 03:21:04 PM

Welspun Corp has acquired entire proportion capital of Nauyaan Shipyard Pvt Ltd, a employer with gadgets, inter alia, of ship building, shippers, deliver-proprietors, repairers, re-fitters, fabricators etc., from a related party (promoter and promoter institution of the Company), at a fair price attention of Rs. 100,000/- ) with an intention to make it an entirely owned subsidiary and a unique motive vehicle for investment in the field of Marine Fabrication.

Nauyaan presently does now not have any fabric assets or liabilities.

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