Current Affairs - Business - Discussion

Reliance Industries Ltd (RIL), led by Mukesh Ambani, acquired a 100% stake in Nauyaan Tradings Private Limited (NTPL) through its subsidiary Reliance Strategic Business Ventures Limited (RSBVL). This acquisition, valued at ₹1 lakh, is part of RIL's strategy to expand its shipyard operations and enhance its presence in key sectors such as naval, defence, and energy. The deal also involves further plans to acquire a 74% stake in Nauyaan Shipyard Private Limited (NSPL), strengthening Reliance's footprint in the shipbuilding industry.