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VERIFIEDET Finance·neutral

Govt approval mandatory for Adani stake transfer in Vizhinjam port: Kerala CM

AI Summary
  • ·Kerala CM stated Adani Ports needs state government approval for share transfer in Vizhinjam port.
  • ·Reports suggest MSC is acquiring a 49% stake for approximately USD 1.4 billion.
  • ·The Kerala government has not yet received any approval request for the transaction.
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