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Sri Lanka’s Colombo Dockyard has successfully listed 323,365,158 new ordinary voting shares following a rights issue. The company announced in a stock exchange filing that it raised 12,934,606,320 rupees through this initiative.
The stock saw an increase, trading up by 5.75 rupees at 114. Notably, the controlling shareholder, Onomichi of Japan, has declared its intention to renounce its entitlement in favor of India’s Mazagon Dock Shipbuilders Limited.
(Colombo/Jan20/2026)
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