Indian Defence Ministry-Owned Company Mazagon Dock Shipbuilders Limited To Acquire Control of Colombo Dockyard

Mazagon Dock Shipbuilders Limited (MDL), a public sector shipyard under India’s Ministry of Defence, is set to acquire a controlling 51% stake in Sri Lanka’s Colombo Dockyard PLC (CDPLC) for approximately $52.96 million (about ₹452 crore).This acquisition, MDL’s first international venture, will be executed through a combination of primary capital infusion and secondary share purchase, notably
Mazagon Dock Shipbuilders Limited (MDL), a public sector shipyard under India’s Ministry of Defence, is set to acquire a controlling 51% stake in Sri Lanka’s Colombo Dockyard PLC (CDPLC) for approximately $52.96 million (about ₹452 crore).This acquisition, MDL’s first international venture, will be executed through a combination of primary capital infusion and secondary share purchase, notably
Go to Source