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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.
Adani Ports says MSC's TiL to invest $1.4 billion for 49% stake in Vizhinjam Port; shares gain over 1%
Commissioned in December 2024, Vizhinjam is India's first deep-draft mega transshipment port with an annual handling capacity of 1.6 million TEUs