Mazagon Dock acquires controlling stake in Colombo shipyard for $26.8 million, a move that will help counter China’s control of Lanka’s ports
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April 13, 2026
NEW DELHI: India’s premier defense shipbuilder Mazagon Dock Shipbuilders Ltd (MDL) has acquired a 51% controlling stake in Colombo Dockyard PLC (CDPLC) for about Rs 249.5 crore ($26.8 million) in its first international acquisition.The deal, which…