VERIFIEDET Finance·1 Jul 2026neutral

APSEZ to sell 49% in Vizhinjam port to MSC Group arm

AI Summary

·Adani Ports is selling a 49% stake in its Vizhinjam port project to MSC Group's port arm, TiL.
·The deal values the Kerala port at $2.85 billion and represents the largest foreign private investment in Indian port infrastructure.
·The agreement is subject to regulatory approvals and strengthens the partnership between Adani and MSC.