VERIFIEDET Finance·30 Jun 2026neutral

Adani Ports to sell 49% stake in Vizhinjam port to MSC's TiL for $1.4 billion

AI Summary

·Adani Ports will sell a 49% stake in Adani Vizhinjam Port to MSC Group's Terminal Investment Ltd.
·The transaction is valued at $1.397 billion, with the port valued at $2.85 billion.
·The deal is intended to increase capacity, cargo traffic, and global trade connectivity, pending approvals.