Adani Ports says Mundi will invest $1.4 billion for 49% stake in Vizhinjam Port

Adani Ports has inked a significant deal with MSC's terminal arm, TiL, for a 49% stake in its Vizhinjam port for $1.397 billion. This strategic partnership, valued at $2.85 billion, aims to boost cargo volumes and establish Vizhinjam as a key Indian Ocean transshipment hub. The investment will be phased, with further funds allocated for port expansion, solidifying this third collaboration between the two entities.