Acquisitions27 March 2026 at 12:24 pm
Mazagon Dock Shipbuilders Acquires 51% Stake in Colombo Dockyard PLC
AI Summary
Mazagon Dock Shipbuilders Ltd has concluded the acquisition of 3,66,49,271 fully paid ordinary shares in Colombo Dockyard PLC (CDPLC) through a Mandatory offer. This acquisition is part of a Tripartite Agreement with CDPLC and Onomichi Dockyard Co. Ltd. The total shareholding of Mazagon Dock Shipbuilders in CDPLC now stands at 51% as on date, complying with the LODR Regulations, 2015 and the Company Takeovers and Mergers Code 1995 of Sri Lanka.
Key Highlights
- Mazagon Dock Shipbuilders Ltd acquires 51% stake in Colombo Dockyard PLC
- Acquisition is part of a Tripartite Agreement with CDPLC and Onomichi Dockyard Co. Ltd.
- 3,66,49,271 fully paid ordinary shares acquired through Mandatory offer
- Compliance with LODR Regulations, 2015 and Company Takeovers and Mergers Code 1995 of Sri Lanka
- Total shareholding of Mazagon Dock Shipbuilders in CDPLC now stands at 51%