New Delhi, Jun 27 (PTI) India’s biggest warship builder Mazagon Dock Shipbuilders Ltd on Friday said it has decided to acquire a controlling stake in Colombo Dockyard PLC in an all-cash deal of about Rs 452 crore. The Mumbai-headquartered shipbuilder, in a regulatory filing, said the proposed acquisition will enable the company to strengthen its position in the ship repair and shipbuilding industry by unlocking operational synergies, enhancing research development capacities and expanding market reach. Also Read | Bodoland Lottery Result Today, June 27, 2025: Assam State Lottery Sambad Friday Lucky Draw Results Declared, Check Winners List With Ticket Numbers. “It supports the company’s long-term growth vision in the shipbuilding and ship repair industry,” Mazagon Dock Shipbuilders said. This is the first instance of an Indian shipyard, both state-owned and private, acquiring a shipyard overseas. Also Read | Kolkata Fatafat Result Today: Kolkata FF Result for June 27, 2025 Declared, Check Winning Numbers and Result Chart of Satta Matka-Type Lottery Game. The proposed acquisition is expected to be completed within 4 to 6 months. “The Board of Directors of Mazagon Dock Shipbuilders Limited inter alia considered and approved the acquisition of a controlling and substantial stake of Colombo Dockyard PLC by way of an investment not exceeding USD 52.96 million (approximately Rs 452 crore) considering prevailing exchange rate) in the securities of CDPLC through a combination of primary subscription and secondary acquisitions from the shareholders of CDPLC,” it said. Colombo Dockyard PLC is a publicly listed company incorporated under the laws of Sri Lanka. The company is listed on the Colombo Stock Exchange and is engaged in the business of shipbuilding and ship repair. (This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)