Senthilverl ups Dockyard stake above 12%

Thursday, 5 February 2026 04:53 - - {{hitsCtrl.values.hits}}

Senthilverl Holdings Ltd. has increased its shareholding in Colombo Dockyard PLC to above 12% following a series of share purchases executed on 30 January 2026.

Senthilverl Holdings’ stake rose to 12.20% of Dockyard PLC’s issued share capital after shares were acquired at prices ranging between Rs. 149.25 and Rs. 155.25 per share.

As at the close of trading on 29 January 2026, Senthilverl Holdings held 34,106,318 shares, representing 8.63% of Colombo Dockyard’s issued share capital.

On 30 January 2026, a total of 4,263,567 shares were purchased through Asia Securities, while an additional 9,876,264 shares were acquired via other licensed stockbrokers. A total of 36,569 shares were sold on the same day.

Following these transactions, the combined shareholding increased to 12.20% of Colombo Dockyard, which has a total issued share capital of 395,224,082 shares.

Colombo Dockyard’s share price closed Tuesday Rs. 6.25 on the up at Rs. 152 with over 2.6 million shares changing hands on a Rs. 405.2 million turnover. The company reported assets of Rs. 46.21 per share as of end-September.

Earlier in January, India’s Mazagon Dock Shipbuilders Ltd. acquired a 41.73% stake in Colombo Dockyard PLC following an allotment of shares arising from the unsubscribed portion of a Rights Issue.

Mazagon Dock said it acquired 164,916,229 fully paid ordinary shares on 19 January at a price of Rs. 40 per share, representing an investment of approximately Rs. 6.6 billion.

The acquisition increased Mazagon Dock’s shareholding from zero to 41.73% of Colombo Dockyard’s issued share capital of 395,224,082 shares. The shares were allotted from the Rights entitlement that remained unsubscribed by existing shareholder and parent company Onomichi Dockyard Company Ltd.