Mazagon Dock to acquire stake in Colombo Dockyard PLC
Mazagon Dock Shipbuilders (MAZDOCK) announced it will acquire a controlling and substantial stake in Colombo Dockyard PLC (CDPLC), a company listed on the Colombo Stock Exchange in Sri Lanka. The acquisition, approved by Mazagon Dock's Board of Directors on June 27, 2025, involves an investment not exceeding USD 52.96 million. This will be a combination of primary subscription and secondary acquisitions from CDPLC shareholders. Upon completion of the acquisition, CDPLC will become a subsidiary of Mazagon Dock. The deal is subject to customary closing conditions and regulatory approvals, including clearance from the Colombo Stock Exchange, and is expected to be finalized within 4 to 6 months. Mazagon Dock anticipates that this acquisition will strengthen its position in the ship repair and shipbuilding industry.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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