India's Mazagon Dock rises on Colombo Dockyard acquisition

Mazagon Dock Shipbuilders

27/06/2025 11:07

** Shares of Mazagon Dock Shipbuilders MAZG.NS close 1.7% higher at 3,174 rupees, snaps three sessions of losses

** The warships and submarines maker to acquire 51% stake in Sri Lanka's Colombo Dockyard PLC DOCK.CM for 4.52 bln rupees ($52.9 mln)

** Stock was trading ~1% lower before the news

** MAZG extends YTD gains to ~42%

($1 = 85.4700 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)

 ((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))