Adani Ports explains MSC stake acquisition to government
pre-market1 source ↓written by the desknot a recommendation
- by MSC Group
- 49% stake acquisition
- Port Ltd
- ₹13,000 cr
- expected to take
- 3-5 months
Adani Ports and SEZ Ltd will submit a detailed letter to the state government regarding the 49% stake acquisition by MSC Group in Adani Vizhinjam Port Ltd for ₹13,000 cr. The acquisition is pending approval from state and central governments, expected to take 3-5 months. The company asserts compliance with the concession agreement amid ongoing scrutiny.
Not investment advice. For informational purposes only.