Mazagon Dock Shipbuilders Acquires Additional Shares in Colombo Dockyard PLC, Reaching 51% Ownership

Mazagon Dock Shipbuilders Acquires Additional Shares in Colombo Dockyard PLC, Reaching 51% Ownership​

Mazagon Dock Shipbuilders Limited announced on March 27, 2026, that it has completed the acquisition of 3,66,49,271 fully paid ordinary shares in Colombo Dockyard PLC (CDPLC). This acquisition is part of a Tripartite Agreement involving CDPLC and Onomichi Dockyard Co. Ltd.

The acquisition was executed through a Mandatory Offer, as per Rule 31(i) (a) of the Company Takeovers and Mergers Code 1995 (as amended in 2003) of Sri Lanka. With this latest purchase, Mazagon Dock Shipbuilders' total shareholding in CDPLC now stands at 51%.

Lalatendu Acharya, Company Secretary and Compliance Officer of Mazagon Dock Shipbuilders Limited, provided the update.

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