Kerala objects to Adani's Vizhinjam port stake sale
after close1 source ↓written by the desknot a recommendation
- in the Vizhinjam
- 49%
The Kerala government has raised objections to Adani Ports' ₹13,360 crore stake sale of 49% in the Vizhinjam International Seaport to MSC Group, citing the need for prior approval under the concession agreement. This dispute could impact foreign investment in India's port sector, as the deal is among the largest of its kind if approved.
Not investment advice. For informational purposes only.