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Mazagon Dock acquires controlling stake in Colombo Dockyard for $53
Mazagon Dock acquires controlling stake in Colombo Dockyard for $53
Mazagon Dock Shipbuilders Ltd, India’s biggest warship builder, has acquired a controlling 51 per cent stake in Colombo Dockyard PLC, in an all-cash deal for about $53 million. This is the first instance of an Indian shipyard, both state-owned and private, acquiring a shipyard overseas. The deal will also give Mazagon Dock access to a full-fledged engineering workshop that Colo
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