Giant MSC to acquire 49% stake in Adani's Kerala deep‑water port for $1.4 billion
Adani Group announced that giant MSC will purchase a 49% share in its Vizhinjam deep‑water transshipment port in Kerala for $1.4 billion. The proposal is under review by the Kerala government and requires state approval. The deal, described as the largest foreign private investment in India’s port infrastructure, will be executed through MSC’s Terminal Investment Limited and is subject to required
Adani Group announced on Tuesday that giant MSC will acquire a 49% stake in its deep‑water transshipment port in Kerala for $1.4 billion.
The Kerala government began examining Adani's proposal to sell the stake, according to The Hindu.
Chief Minister V.D. Satheesan said Adani Group had not communicated its decision to the state government and that state approval is mandatory for the sale, The Hindu reported.
The investment is described as the largest foreign private investment in India’s port infrastructure to date, reported by Free Press Kashmir.
MSC will acquire the stake in Adani Vizhinjam Port Private Limited, which operates the Vizhinjam International Seaport, through its investment arm Terminal Investment Limited, Free Press Kashmir reported.
The transaction is subject to regulatory approvals, Free Press Kashmir reported.
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