Mazagon Dock Shipbuilders has increased its stake in Colombo Dockyard PLC (CDPLC) to 51% following the acquisition of 3,66,49,271 fully paid ordinary shares. This acquisition was part of a Tripartite Agreement with CDPLC and Onomichi Dockyard Co. Ltd. The transaction was executed through a mandatory offer under Rule 31(i)(a) of the Company Takeovers and Mergers Code 1995, as amended in 2003, of Sri Lanka.
This strategic move enhances Mazagon Dock Shipbuilders‘ position in the shipbuilding industry, expanding its influence and operational capabilities within the region. The acquisition aligns with the company’s growth strategy and commitment to strengthening its international presence.
The company had previously disclosed its intent to acquire additional shares in CDPLC on 21 January 2026. The completion of this acquisition marks a significant milestone in Mazagon Dock Shipbuilders’ expansion efforts.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).