Acquiring Company
Swan Defence & Heavy Industries
Acquired Company
Triumph Offshore Private Limited
Description
The NCLT has approved the amalgamation of Swan Defence & Heavy Industries and Triumph Offshore Private Limited. Effective from April 1, 2024, this merger aims to integrate operations and streamline functions within the maritime sector. Shareholders of Triumph Offshore will receive preference shares in Swan Defence as part of the merger. The scheme seeks to enhance operational efficiencies and consolidate financial strengths.
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M&A Insights
Based on deal dataFrequently asked
Who acquired Triumph Offshore Private Limited?
Triumph Offshore Private Limited was acquired by Swan Defence & Heavy Industries, based in Gujarat. The deal was reported on August 26, 2026. Swan Defence & Heavy Industries is a company engaged in shipbuilding and maritime activities. It focuses on the construction, repair, and design of vessels. Swan Defence & Heavy Industries is privately held and operates in Manufacturing.
When did Swan Defence & Heavy Industries acquire Triumph Offshore Private Limited?
Swan Defence & Heavy Industries's acquisition of Triumph Offshore Private Limited was reported on August 26, 2026. The NCLT has approved the amalgamation of Swan Defence & Heavy Industries and Triumph Offshore Private Limited. Effective from April 1, 2024, this merger aims to integrate operations and streamline functions within the maritime sector. 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.
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