The deal was intended to free up the congested order book of Mazagon shipyard and to give Pipavav a much needed boost in defence shipbuilding.

[9] Subsequently, Reliance Infrastructure launched an open offer to acquire additional shares to control 25.1 per cent of the company.

After the open offer was completed, Reliance Infrastructure held 36.5% equity in Pipavav Shipyard and Anil Ambani was appointed as the chairman.

[13] As part of the acquisition,[14] a new board of directors was appointed on 8 December 2023, and Swan Energy's management officially took over control of the company on 4 January 2024.

[19] On 13 February 2017, Reliance Defence and Engineering Limited signed the Master Ship Repair Agreement with the US Navy to maintain the vessels of its Seventh Fleet operating in the region, with the company estimating revenues of about Rs 15,000 crore ($2 billion) over next 3 to 5 years.

The Seventh Fleet's area of responsibility included the Western Pacific and Indian Ocean and at any given time there were roughly 140 ships and submarines, 5070 aircraft and approximately 20,000 sailors under its command.