Mazagon Dock Shares In Focus After Rs 452 Cr Colombo Dockyard Stake Buy In Sri Lanka
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Mazagon Dock Shipbuilders Limited (MDL), headquartered in Mumbai, is an Indian defense public sector undertaking under the Ministry of Defence.
Mazagon Dock Share Price: Mazagon Dock Shipbuilders Limited shares are set to remain focus on Monday June 30, following the board's approval to acquire a controlling and substantial stake of Colombo Dockyard PLC (a company listed on Columbo Stock Exchange, Sri Lanka) at USD 52.96 million or Rs 452 crore. The acquisition was happened through a combination of primary subscription and secondary acquisitions from the shareholders of CDPLC (including Onomichi Dockyard Co. Ltd. (Onomichi), a majority shareholder of CDPLC.
Mazagon Dock Shipbuilders Limited (MDL), headquartered in Mumbai, is an Indian defense public sector undertaking (DPSU) under the Ministry of Defence, specializing in shipbuilding and submarine construction
On last Friday, shares of Mazagon Dock Shipbuilders Limited closed 1.50 per cent higher at Rs 3,169.50 apiece, against the previous day close at Rs 3,121.50 apiece. The stock's 52-week high and low remained at Rs 3,778 and Rs 1,917, respectively.
Mazagon Dock Q4 FY25 Results
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