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Acquiring of Colombo Dockyard by Indian shipbuilding firm delayed
The Island
|August 30, 2025
Colombo Dockyard, which is to be acquired by India’s Mazagon Dock Shipbuilders Limited through an injection of capital, said the Rs 12.9 billion exercise would be delayed.
Company sources said that the revised timelines would be notified after they receive the requisite regulatory approvals.
Colombo Dockyard is planning to offer 323 million shares at Rs 40 to existing shareholders and the current controlling shareholder Onomichi of Japan will renounce its entitlement in favour of India’s Mazagon Dock Shipbuilders Limited.
Meanwhile, yesterday the CSE crossed the 21000 point mark for the first time in its history. The development was attributable to local and foreign investor sentiment being high due to conducive macroeconomic conditions prevailing for the stock market to move.
Diese Geschichte stammt aus der August 30, 2025-Ausgabe von The Island.
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