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Swan Defence gets nod to raise Rs 4,000 crore
May-28-2026

Swan Defence and Heavy Industries has received approval for raising of funds for an aggregate amount up to Rs 4,000 crore by way of Issuance of Securities through Qualified Institutions Placement (QIP), Debt Issue, Preferential Issue or other permissible mode including but not limited to Further Public Offer, Right Issue etc. and/or any combination thereof, in one or more tranches as permitted under the applicable laws, subject to approval of the shareholders and/or regulatory / statutory authorities, as applicable. The Board of Directors of the company at its meeting held on May 27, 2026, has inter-alia approved the same.  

Swan Defence and Heavy Industries (Formerly Reliance Naval and Engineering) is India’s largest shipbuilding and heavy fabrication company, strategically located on the west coast of India. SDHI delivers high-quality solutions for the maritime and heavy engineering sectors. 


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