### 📈 Senthilverl Holdings Ups Stake in Colombo Dockyard Above 12%

Senthilverl Holdings Ltd. has significantly increased its interest in Colombo Dockyard PLC (CDPLC) following a series of strategic share purchases on 30 January 2026. • Transaction Details: The holding company acquired over 14.1 million shares at prices ranging from Rs. 149.25 to Rs. 155.25. This move raised its total stake to 12.20% of the issued share capital, up from 8.63% (34.1M shares) recorded just a day prior. • Market Impact: Following the disclosure, CDPLC’s share price rose by Rs. 6.25 (4.3%) to close at Rs. 152.00, generating a daily turnover of Rs. 405.2 million. • Strategic Shifts: This local consolidation follows a major foreign entry earlier in January, where India’s Mazagon Dock Shipbuilders Ltd (MDL) acquired a 41.73% stake for approximately Rs. 6.6 Bn (US$ 21.3M). MDL secured 164.9M shares via the unsubscribed portion of a 9:2 Rights Issue. • National Context: The equity infusion by both local and Indian strategic partners is critical for the shipbuilding & marine engineering sector. It aims to stabilize CDPLC’s financial health—previously flagged for going concern issues—and integrate Sri Lanka more deeply into regional maritime supply chains. • Financial Standing: Based on provisional data from end-September 2025, the company reported assets of Rs. 46.21 per share.