Mazagon Dock acquires controlling stake in Colombo dockyard for $26.8 mn | India News
Marking its first international acquisition, India’s premier defence shipyard Mazagon Dock Shipbuilders Ltd (MDL) has secured a 51% controlling stake in Colombo Dockyard PLC (CDPLC) for approximately Rs 249.5 crore ($26.8 million). The Mumbai-based defence public sector undertaking announced in a statement on April 9 that the deal brings Sri Lanka’s largest shipyard under its…