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Mazagon Dock to acquire controlling stake in Sri Lanka’s Colombo Dockyard

Upworthy Monday, 30 June 2025 ()
The board of directors of India’s Mazagon Dock Shipbuilders has approved the acquisition of a controlling stake in Colombo Dockyard (CDPLC) in Sri Lanka. The investment will not exceed Rs4.52bn ($52.96m) and will involve both primary subscriptions and secondary acquisitions from CDPLC…
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