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APSEZ to sell 49% in Vizhinjam port to MSC Group arm
Adani Ports is selling a 49% stake in its Vizhinjam port project to MSC Group's port arm, TiL, for $1.397 billion. This deal values the Kerala port at a significant $2.85 billion, marking the largest foreign private investment in Indian port infrastructure. The agreement, signed Monday, strengthens the existing partnership between Adani and MSC, pending regulatory approvals.
Adani Ports to sell 49% stake in Vizhinjam port to MSC's TiL for $1.4 billion
Adani Ports and Special Economic Zone will sell a 49% stake in Adani Vizhinjam Port to MSC Group's Terminal Investment Ltd. for $1.397 billion, valuing the Kerala port at $2.85 billion. The deal aims to expand capacity, boost cargo traffic and strengthen global trade connectivity, subject to approvals.
Adani Ports, MSC Expand JV As TiL To Pick 49% Stake In Vizhinjam For Record $1.4 Billion
The strategic collaboration marks the single largest foreign private investment in Indian port infrastructure.
Adani Ports says Mundi will invest $1.4 billion for 49% stake in Vizhinjam Port
Adani Ports has inked a significant deal with MSC's terminal arm, TiL, for a 49% stake in its Vizhinjam port for $1.397 billion. This strategic partnership, valued at $2.85 billion, aims to boost cargo volumes and establish Vizhinjam as a key Indian Ocean transshipment hub. The investment will be phased, with further funds allocated for port expansion, solidifying this third collaboration between the two entities.