Kerala objects to Adani's Vizhinjam port stake sale
pre-market1 source ↓written by the desknot a recommendation
- stake sale
- ₹13,360 crore
- in Vizhinjam International
- 49%
- MSC Group
- $1.397 billion
Adani Ports faces objections from the Kerala government regarding its ₹13,360 crore stake sale of 49% in Vizhinjam International Seaport to MSC Group for $1.397 billion. Kerala argues that the concession agreement mandates prior approval for ownership changes. This dispute could delay one of India's largest foreign investments in port infrastructure.
Not investment advice. For informational purposes only.