Mumbai, June 27 -- The securities of CDPLC would be acquired via a combination of primary subscription and secondary acquisitions from the shareholders of CDPLC (including Onomichi Dockyard Co. Ltd. (Onomichi), a majority shareholder of CDPLC).

For this purpose, Mazagon Dock, CDPLC and Onomichi have executed definitive documents setting out the terms and conditions of the proposed acquisition.

Listed on Columbo Stock Exchange, Colombo Dockyard PLC is engaged in the business of ship building and ship repair. Turnover of CDPLC for the year ended 31 December 2024 on a consolidated basis is LKR 25,447 million.

The proposed acquisition will enable Mazagon Dock to strengthen its position in the ship repair and ship building industry, by unlo...