Acquiring Company
Swan Defence and Heavy Industries Limited
Acquired Company
Triumph Offshore Private Limited
MumbaiAhmedabadConstructionDescription
The NCLT Ahmedabad has sanctioned the merger of Triumph Offshore with Swan Defence and Heavy Industries. This merger will consolidate their maritime operations into one entity, effective from April 1, 2024. The merger aims to utilize their complementary capabilities and provide comprehensive maritime solutions. SDHIL will adjust its capital reserves against losses as part of the scheme.
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Based on deal dataFrequently asked
Who acquired Triumph Offshore Private Limited?
Triumph Offshore Private Limited was acquired by Swan Defence and Heavy Industries Limited, based in Mumbai. The deal was reported on August 8, 2026. Swan Defence and Heavy Industries Limited is India’s largest shipyard, accounting for 30 percent of the country's shipbuilding capacity. It was previously known as Reliance Naval and Engineering Limited. Swan Defence and Heavy Industries Limited is privately held and operates in Construction.
When did Swan Defence and Heavy Industries Limited acquire Triumph Offshore Private Limited?
Swan Defence and Heavy Industries Limited's acquisition of Triumph Offshore Private Limited was reported on August 8, 2026. The NCLT Ahmedabad has sanctioned the merger of Triumph Offshore with Swan Defence and Heavy Industries. This merger will consolidate their maritime operations into one entity, effective from April 1, 2024. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Triumph Offshore Private Limited do?
Triumph Offshore Private Limited specializes in maritime activities such as charter hire, sale, and construction of vessels. As part of the merger, its assets and obligations will transfer to Swan Defence and Heavy Industries. It is privately held, and is based in Ahmedabad.