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Mazagon Dock to acquire 51% stake in Colombo Dockyard for ₹452 cr
short by Dharini Mudgal / on 28 Jun 2025,Saturday
Mazagon Dock Shipbuilders, a state-run defence giant, has announced it'll acquire a 51% controlling stake in Colombo Dockyard, a major shipbuilding firm in Sri Lanka, Moneycontrol reported. The deal is worth ₹452 crore. The transaction will close within six months, after which the Sri Lankan shipbuilder will become part of Mazagon Dock Shipbuilders, according to a regulatory filing on Friday.
short by Dharini Mudgal / 04:46 pm on 28 Jun
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