Company filings and market news from across Sri Lanka's stock market.
Colombo Dockyard said it is delaying the LKR 12.9 billion share issue required for India’s Mazagon Dock Shipbuilders' takeover, with revised timelines pending regulatory approvals. The planned offer is 323 million shares at LKR 40 and Mazagon expects to spend up to $52.9m including a mandatory buyout.
Rights issue · 9:2 at Rs 40.00 · XD Dec 5, 2025
Colombo market slipped as the ASPI fell 73 points (0.36%) and the S&P SL20 declined 0.78% on Rs. 4.4bn turnover, with foreign investors net sellers of Rs. 801.2m amid profit-taking and political uncertainty following the remand of former President Wickremesinghe.
Colombo Dockyard PLC hosted a JETRO delegation to showcase its shipbuilding, repair and heavy engineering facilities, with delegates expressing highest satisfaction and commending the yard's international standards. Discussions covered capabilities for Japanese-owned vessels in the Indian Ocean and potential synergies.
Colombo Dockyard (DOCK.N0000) delivered the eighth 5,000 DWT Eco Bulk Carrier, 'Misje Lily', to Norway's Misje Eco Bulk AS. The DNV-classed 89.95m vessel includes an Energy Storage Battery System for hybrid propulsion and was designed in-house, highlighting the yard's eco-friendly shipbuilding capability.
Rights issue · 9:2 at Rs 40.00 · XD Dec 5, 2025
Colombo market extended its rally after the Central Bank held policy rates, with the ASPI up 151.15 pts (0.79%) to 19,243. Turnover was Rs.6.23bn (235.33m shares) while foreigners were net sellers (Rs.99.6m); DFCC, Richard Pieris, NDB, Carson, NTB, JKH, Dockyard, Sunshine and RIL were among top contributors/movers.
Colombo Dockyard (DOCK) announced a Rs.13 billion rights issue of 323,365,158 shares at Rs.40 each (nine new for two) as part of a $53m deal to bring Mazagon in as controlling shareholder; DOCK shares fell 14% to Rs.80.90. Proceeds are intended to strengthen finances after an auditor's going-concern emphasis; issue is subject to CSE and shareholder approval.
Colombo market fell as ASPI declined 0.58% (around 106 points) and S&P SL20 down 0.5% on low turnover of Rs.2.4bn; major drags included Melstacorp, Colombo Dockyard, Commercial Bank, Aitken Spence and NDB, while turnover was led by Sampath, John Keells and Vallibel Finance.
Colombo Dockyard will issue 323 million shares at Rs40 in a rights issue to raise Rs12.9bn, with controlling shareholder Onomichi renouncing its entitlement in favour of India’s Mazagon Dock which has agreed to take up remaining rights and expects to spend up to $52.9m to take control and make a mandatory offer.
Rights issue · 9:2 at Rs 40.00 · XD Dec 5, 2025
Colombo Dockyard PLC (DOCK.N0000) signed a strategic investment agreement with India's Mazagon Dock Shipbuilders, with MDL's board approving up to $52.96 million for rights subscriptions and potential acquisition of existing shares to support the company's turnaround and expansion.
Colombo Stock Exchange ASPI fell 0.58% to 18,042.20 on Monday as US tariff uncertainty damped investor interest, with Melstacorp, HNB, Commercial Bank, Aitken Spence and NDB posting declines and turnover falling to Rs2.4bn. Colombo Dockyard announced a rights issue of 323m shares at Rs40.
Indian firms are looking to expand into Sri Lanka; an Indian shipbuilder has bought into Colombo Dockyard and is expected to inject cash, and Adani has invested in a container terminal with John Keells Holdings.
Colombo Dockyard (DOCK.N0000) shares fell 16.5% yesterday to Rs.94.80 after jumping 62% to Rs.113.50 on the first trading day following India’s Mazagon Dock Shipbuilders' proposal to acquire DOCK for $52.96 million. Turnover was 0.9m shares yesterday and 2.4m the prior day.
ASPI fell 0.23% (41 points) to 18,000 as profit-taking weighed on the Colombo market, led by declines in HAYL, CTHR, DOCK, GRAN and SAMP. Turnover was Rs.5.6bn with capital goods (notably JKH, AEL) and banking among top contributors; foreign investors were net sellers of Rs.48.3m.
Colombo bourse rebounded as ASPI rose 0.8% (145 pts) to 18,142 on turnover of Rs.7.8bn, led by strong activity in Capital Goods and Banking; CTHR, DOCK, AEL, RIL and JKH were among top positive contributors.
Colombo stocks closed marginally down, with the ASPI falling 0.23% to 18,100 and the S&P SL20 down 0.22% to 5,347. Seylan Bank received in-principle CSE approval for a Rs15bn Basel III debenture issue, and Tal Lanka Hotels listed 32,228,524 ordinary voting shares after a private placement.
The IMF approved a $350mn drawdown under Sri Lanka's EFF, and the ASPI rose 0.81% to 18,141.79; investor interest lifted construction and property stocks led by Access Engineering, ACL Cables and JAT, with gains in C T Holdings and Colombo Dockyard.
The Disclosure has been published on the CSE website. Accordingly, the trading halt will be lifted with effect from 11.00 a.m on 2nd July 2025. The following trading sessions will be applicable for DOCK.N0000. Auction session - 11.00 a.m to 11.15 a.m. Regular Trading session will commence at 11.15 a.m.
Colombo Dockyard said India's Mazagon Dock will subscribe to a new share issue and inject about US$52.96m to gain control, with a mandatory offer to other shareholders to rehabilitate the cash‑strapped company.
Colombo Dockyard (CDP) says Mazagon Dock was chosen via an open competitive process and a Rights Issue — with Mazagon referencing up to $52.96m of potential investment — will precede a mandatory offer to acquire control. The board says the company faces serious financial difficulties and the Rights Issue needs board, shareholder and regulatory approvals.
An Indian firm is buying a controlling stake in Colombo Dockyard, the first major private investment in Sri Lanka since the recent currency crisis. The deal comes amid a visiting delegation of 15 Indian CEOs and India reaffirming strong development aid and debt-support ties with Sri Lanka.
Mazagon Dock Shipbuilders Ltd will acquire a controlling stake in Colombo Dockyard PLC; Celao Capital acted as adviser on the cross‑border transaction. The deal is expected to give Colombo Dockyard a larger order pipeline, enhanced technology, global reach and financial backing.
Mazagon Dock Shipbuilders (India) has acquired a controlling stake in Colombo Dockyard PLC, purchased from Onomichi Dockyard (Japan). The deal is expected to provide Colombo Dockyard with a larger order pipeline, enhanced technology and stronger financial backing for turnaround and growth.
Sri Lanka's ASPI hit a fresh record high, closing at 17,800 (up 0.75% / 132.28 points) on Friday, driven by gains in capital goods and banking stocks. Notable risers included C T Holdings, John Keells, Sampath Bank, HNB, CDB and Colombo Dockyard.