Mazagon Dock Shipbuilders Ltd

🚢 Mazagon Dock Expands into Sri Lanka with 41.73% Stake in Colombo Dockyard

- Acquired 16,49,16,229 shares (16.49 crore) representing 41.73% ownership in Colombo Dockyard PLC

- Acquisition completed through unsubscribed rights shares originally allocated to Onomichi Dockyard Co. Ltd.

- Part of a Tripartite Agreement between Mazagon Dock, CDPLC, and Onomichi Dockyard

- Initiating mandatory offer to acquire additional shares from existing CDPLC shareholders

- Strategic expansion into Sri Lankan shipbuilding market