28-Mar-2026      11:50

Mazagon Dock Shipbuilders acquires controlling stake in Colombo Dockyard PLC

Mazagon Dock Shipbuilders announced that as part of the Tripartite Agreement entered with Colombo Dockyard PLC (CDPLC) and Onomichi Dockyard Co., the Company has concluded the further acquisition of 3,66,49,271 fully paid ordinary shares in CDPLC, through a mandatory offer of the company take-over and mergers code of Sri Lanka. With this the total shareholding of the Company in CDPLC stands at 51% as on date.

Powered by Capital Market - Live News

News source: Capital Market - Live News