Mazagon Dock Shipbuilders Secures controlling stake in Colombo Dockyard PLC with strategic guidance from Celao Capital Pvt Ltd

Colombo, Sri Lanka – 28th June 2025: Celao Capital Pvt Ltd, a Member of RNH Ventures, a boutique consulting and transaction advisory firm, is pleased to announce that it has successfully completed advising Mazagon Dock Shipbuilders Limited to acquire a controlling stake of Colombo Dockyard PLC. This landmark deal marks a pivotal moment in the sector and highlights Celao Capital Pvt Ltd’s expertise in navigating complex transactions.

With this acquisition, Colombo Dockyard PLC will significantly benefit from a larger order pipeline, enhanced technological capabilities, global reach, and the much-needed financial backing to take the company to greater heights.

Mazagon Dock Shipbuilders Limited will be acquiring the controlling stake from Onomichi Dockyard Japan. It is set to reshape the competitive landscape of the shipbuilding and repair industry in the region. “Our team of seasoned advisors worked diligently to facilitate this cross-border deal between Japan, India and Sri Lanka overcoming various complexities involved in such significant transactions” said, Dinuk Hettiarachchi, Jt. Managing Director of Celao Capital 

“This acquisition represents a strategic alignment of resources and capabilities between Mazagon Dock Shipbuilders Limited and Colombo Dockyard PLC positioning the entity for turnaround and long-term growth,” said Dr. Nirmal De Silva, Jt. Managing Director, Celao Capital. “We are thrilled to have played a pivotal role in this transaction and look forward to seeing how this acquisition will enhance operational efficiencies and innovation.”

Mazagon Dock Shipbuilders Limited, Mumbai, (MDL) is an ISO 9001: 2015, company listed in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) in India and is a leading public sector undertaking often referred to as the Shipbuilders to the Nation. The company’s current portfolio of designs spans a wide range of products for both domestic and overseas clients. Since 1960, Mazagon Dock has grown rapidly to become the premier shipbuilding yard in India. The company has been recognized as a trusted entity across the world driven by the commitment to service excellence and creating significant value for all stakeholders.

Celao Capital Pvt Ltd continues to lead the way in providing exceptional transaction advisory services, with a comprehensive understanding of market dynamics and client needs. This successful acquisition is a testament to our commitment to achieving optimal outcomes for our clients.

About Celao Capital
Celao Capital is a boutique investment management and advisory firm inspired by Sri Lanka’s rich heritage. Named after the historical reference to the island by the Portuguese in the 16th century, the firm embodies a legacy of trust, commitment, and ambition. With a seasoned team of fund managers and a strong track record rooted in global expertise, Celao Capital offers a full spectrum of services including segregated mandates, funds, family office solutions, private REITs, Impact+ strategies, and investment advisory. Focused on long-term wealth compounding and absolute returns, the firm serves as a trusted steward of client capital through disciplined processes and a resilient investment philosophy. www.celaocapital.com