During Tuesday’s trading session, the shares of India’s largest shipbuilding and heavy fabrication company in India hit a 5 percent upper circuit at Rs. 39.66 on BSE, after the company’s relisting on the Indian stock exchanges—BSE and NSE—after a gap of 1.5 years.
With a market cap of Rs. 209 crores, the shares of Swan Defence and Heavy Industries Limited opened in the green at Rs. 39.66, as compared to its previous closing price of Rs. 37.78.
Stock Relisting Details
Swan Defence and Heavy Industries Limited was relisted on the BSE and NSE on Monday, 20th January 2025, marking its return to trading after 1.5 years. The stock opened at Rs. 35.99 on BSE and climbed 5 percent to hit the upper circuit limit of Rs. 37.78 on Monday’s trading session.
On 17th January, the company announced that trading of its shares would resume from 20th January.
Commenting on the relisting, the Director of SDHI stated: “The resumption of trading in Swan Defence and Heavy Industries shares marks the beginning of a new journey for the shipyard. Our vision is to establish the shipyard as a globally renowned centre of innovation and craftsmanship, playing a pivotal role in elevating India’s standing amongst the world’s top shipbuilding nations.”
Scrip Code – 533107, Symbol – SWANDEF
Related Updates
The company’s relisting aligns with its recent rebranding initiatives. Earlier this month on 2nd January, Swan Energy announced that its acquired entity, Reliance Naval and Engineering Ltd (RNEL), had been renamed Swan Defence and Heavy Industries Ltd (SDHI).
This move follows Swan Energy’s acquisition last year of the former Reliance Naval & Engineering, previously part of the Anil Ambani group. With this acquisition, Swan Energy aims to establish itself as a key private player in India’s naval defence sector and the construction of oil & gas vessels.
As part of the restructuring, RNEL’s old shares were converted into SDHI shares at a conversion ratio of 275 RNEL shares for one Swan Defence share.
The total equity structure includes 26.81 lakh shares held by the public, alongside 5 crore additional shares issued to Hazel Infra, the acquirer through the NCLT process, resulting in a total equity of Rs. 52.68 crore.
About the Company
Swan Defence and Heavy Industries Limited (SDHI) is India’s largest shipbuilding and heavy fabrication company strategically located on the west coast of India. It is a key private player in commercial & defence shipbuilding, ship repairs, and heavy fabrication in India.
Written by Shivani Singh
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During Tuesday’s trading session, the shares of India’s largest shipbuilding and heavy fabrication company in India hit a 5 percent upper circuit at Rs. 39.66 on BSE, after the company’s relisting on the Indian stock exchanges—BSE and NSE—after a gap of 1.5 years. With a market cap of Rs. 209 crores, the shares of Swan
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